Assembly Bill A4403

Signed By Governor
2021-2022 Legislative Session

Relates to requiring a compensation statement by certain public utility corporations and service providers

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S1544 - Signed by Governor

  • 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

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2021-A4403 (ACTIVE) - Details

See Senate Version of this Bill:
S1544
Law Section:
Public Service Law
Laws Affected:
Add §111-a, Pub Serv L; amd §1020-f, Pub Auth L
Versions Introduced in 2019-2020 Legislative Session:
S8937

2021-A4403 (ACTIVE) - Summary

Requires a compensation statement to be filed annually with the public service commission by any public utility corporation or service provider with a gross annual operating revenue of more than one million dollars.

2021-A4403 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4403
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 2021
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on Corporations, Authorities and Commissions
 
 AN  ACT  to amend the public service law and the public authorities law,
   in relation to requiring a  compensation  statement  to  be  filed  by
   certain  gas  corporations,  electric corporations, water-works corpo-
   rations and service providers
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The public service law is amended by adding a new section
 111-a to read as follows:
   § 111-A. ADDITIONAL  INFORMATION  IN  ANNUAL  REPORTS;  DISCLOSURE  OF
 COMPENSATION.  1. ANY GAS CORPORATION, ELECTRIC CORPORATION, WATER-WORKS
 CORPORATION, OR SERVICE PROVIDER WITH A GROSS ANNUAL  OPERATING  REVENUE
 OF MORE THAN ONE MILLION DOLLARS SHALL PREPARE AND FILE WITH THE DEPART-
 MENT,  ON  OR  BEFORE  OCTOBER THIRTY-FIRST OF EACH YEAR, A COMPENSATION
 STATEMENT SHOWING FOR THE PRECEDING CALENDAR YEAR:
   A. THE NAMES, TITLES, AND DUTIES OF ALL  EXECUTIVE  OFFICERS  AND  THE
 COMPENSATION  RECEIVED  BY  EACH SUCH EXECUTIVE OFFICER. FOR PURPOSES OF
 THIS SECTION "EXECUTIVE  OFFICER"  INCLUDES  THE  PRESIDENT,  SECRETARY,
 TREASURER,  AND  VICE  PRESIDENT IN CHARGE OF A PRINCIPAL BUSINESS UNIT,
 DIVISION OR FUNCTION OF  SUCH  GAS  CORPORATION,  ELECTRIC  CORPORATION,
 WATER-WORKS  CORPORATION  OR  SERVICE PROVIDER; OR ANY OTHER OFFICER WHO
 PERFORMS A POLICY MAKING FUNCTION, OR  ANY  OTHER  PERSON  WHO  PERFORMS
 SIMILAR  POLICY  MAKING  FUNCTIONS  FOR  SUCH  GAS CORPORATION, ELECTRIC
 CORPORATION, WATER-WORKS CORPORATION, OR SERVICE PROVIDER WHO RECEIVES A
 COMPENSATION AT THE RATE OF ONE HUNDRED TWENTY-FIVE THOUSAND DOLLARS  OR
 MORE PER ANNUM; AND
   B. THE PROPORTION OF THE COMPENSATION DISCLOSED IN PARAGRAPH A OF THIS
 SUBDIVISION, THAT IS PAID, DIRECTLY OR INDIRECTLY, BY THE RATEPAYERS.
   2. ANY GAS CORPORATION, ELECTRIC CORPORATION, WATER-WORKS CORPORATION,
 OR  SERVICE  PROVIDER WITH A GROSS ANNUAL OPERATING REVENUE OF MORE THAN
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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