Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 13, 2014 |
recommit, enacting clause stricken |
Jan 08, 2014 |
referred to energy and telecommunications |
Jan 09, 2013 |
referred to energy and telecommunications |
Senate Bill S1621
2013-2014 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - Stricken
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2013-S1621 (ACTIVE) - Details
2013-S1621 (ACTIVE) - Summary
Relates to automatic rate adjustments for natural gas or electric service; permits such rate adjustment only when associated with and reflective of changes in the reasonable costs of fuel purchased for the production of electricity by such electric corporation or changes in the reasonable costs of gas or electricity purchased by such gas corporation or electric corporation for resale to residential customers; limits gas and electric corporation to no more than one rate adjustment in any six month period; makes related provisions.
2013-S1621 (ACTIVE) - Sponsor Memo
BILL NUMBER:S1621 TITLE OF BILL: An act to amend the public service law, in relation to the utilization of automatic rate adjustments for natural gas or electric service and providing for the repeal of such provisions upon expiration thereof PURPOSE OR GENERAL IDEA OF BILL: This bill would require increased oversight by the Public Service Commission (PSC) regarding the types of costs that are recovered through automatic adjustments to gas and electric rates. SUMMARY OF SPECIFIC PROVISIONS: This bill would: * permit automatic rate adjustments only when costs are reflective of the reasonable costs of fuel * limit a gas or electric corporation to one automatic rate adjustment in any six-month period and limits annualized increases associated with automatic rate adjustments to the lesser of $300,000 or 2.5% of the gas or electric corporation's revenues during a 12-month period * require the PSC to determine if automatic adjustments and utility efforts to control costs are prudent
2013-S1621 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1621 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the public service law, in relation to the utilization of automatic rate adjustments for natural gas or electric service and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 4 of section 65 of the public service law, as amended by chapter 789 of the laws of 1930, is amended to read as follows: 4. Nothing in this chapter shall be taken to prohibit a gas corpo- ration or electric corporation from establishing a sliding scale for a fixed period for the automatic adjustment [or] OF charges for gas, elec- tricity or any RELATED service rendered or to be rendered [and] BY OR the dividends to be paid to stockholders of such gas corporation or electric corporation, provided that: (A) the sliding scale shall first have been filed with and approved by the commission; [but] (B) WITH RESPECT TO THE AUTOMATIC ADJUSTMENT OF CHARGES FOR THE SALE OF GAS OR ELECTRICITY TO RESIDENTIAL CONSUMERS, PURSUANT TO THIS CHAP- TER: (I) ANY AUTOMATIC RATE ADJUSTMENT SHALL BE PERMITTED ONLY WHEN ASSOCI- ATED WITH AND REFLECTIVE OF CHANGES IN THE REASONABLE COSTS OF FUEL PURCHASED FOR THE PRODUCTION OF ELECTRICITY BY SUCH ELECTRIC CORPORATION OR CHANGES IN THE REASONABLE COSTS OF GAS OR ELECTRICITY PURCHASED BY SUCH GAS CORPORATION OR ELECTRIC CORPORATION FOR RESALE TO RESIDENTIAL CONSUMERS; (II) SUCH GAS CORPORATION OR ELECTRIC CORPORATION SHALL MAKE NO MORE THAN ONE SUCH ADJUSTMENT IN ANY SIX MONTH PERIOD; AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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