Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to energy and telecommunications |
Jan 09, 2013 |
referred to energy and telecommunications |
Senate Bill S1632
2013-2014 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee
- 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-S1632 (ACTIVE) - Details
- Current Committee:
- Senate Energy And Telecommunications
- Law Section:
- Public Service Law
- Laws Affected:
- Add §5-a, Pub Serv L; amd §§1004 & 1020-e, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S4034
2011-2012: S1049
2013-S1632 (ACTIVE) - Sponsor Memo
BILL NUMBER:S1632 TITLE OF BILL: An act to amend the public service law and the public authorities law, in relation to requiring the public service commission to annually review the compensation and benefits paid to certain officers, directors and high-level employees of certain gas or electric corporations PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to provide a basis upon which reviews of compensation and benefits given to utility officers, directors, or high-level employees may be made to assure the ratepayer that his or her dollars are being spent in a fair and equitable manner. The review will be conducted at least every three years or upon any major rate increase. The bill requires the New York Power Authority' trustees to review the salaries and benefits paid to officers, employees and the representatives in high-level managerial positions within the New York Power Authority every three years. SUMMARY OF SPECIFIC PROVISIONS: This bill would add a new section to the public service law, §5-a. It would require the public service commission to review proposed salary and benefits of officers, directors and high-level managerial positions within the authority to determine that such salaries and
2013-S1632 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1632 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 and the public authorities law, in relation to requiring the public service commission to annually review the compensation and benefits paid to certain officers, direc- tors and high-level employees of certain gas or electric corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The legislature hereby finds and declares that the compen- sation and benefits provided to certain officers, directors, and high- level managerial employees of certain gas or electric corporations may be excessive and out of proportion with objective measures of perform- ance, equity, and fairness. Some top executives of certain gas or elec- tric corporations have inflated their compensation, even as the custom- ers they serve continue to struggle with the burdens of wage stagnation. Establishing control over levels of compensation and benefits paid to high-level managerial employees of certain gas or electric corporations is clearly in the public interest. By doing so, the state will be able to provide assurance to the ratepayer that his or her dollars are not being spent on exorbitant salaries for top executives of gas or electric corporations. It is the purpose of this legislation to require the public service commission to review the proposed salary and benefits of officers, directors and high-level managerial executives of certain gas or elec- tric corporations and, based on enumerated criteria, either approve, modify or reject such proposed salaries and benefits. S 2. The public service law is amended by adding a new section 5-a to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02358-01-3
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