Senate Bill S9723

2023-2024 Legislative Session

Relates to unclaimed deposits and refunds for utility services furnished by energy services companies

download bill text pdf

Sponsored By

Current Bill Status Via A10221 - In Senate Committee Rules 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

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2023-S9723 (ACTIVE) - Details

See Assembly Version of this Bill:
A10221
Current Committee:
Senate Rules
Law Section:
Abandoned Property Law
Laws Affected:
Amd §§103, 400, 402 & 403, Ab Prop L

2023-S9723 (ACTIVE) - Summary

Includes energy services companies as utilities for purposes of unclaimed deposits and refunds.

2023-S9723 (ACTIVE) - Sponsor Memo

2023-S9723 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9723
 
                             I N  S E N A T E
 
                               May 22, 2024
                                ___________
 
 Introduced  by  Sen.  COMRIE  -- (at request of the Department of Public
   Service) -- read twice and ordered printed, and  when  printed  to  be
   committed to the Committee on Finance
 
 AN  ACT  to  amend  the abandoned property law, in relation to unclaimed
   deposits and refunds for utility services furnished by energy services
   companies

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  103  of the abandoned property law is amended by
 adding a new subdivision (j) to read as follows:
   (J) "ENERGY SERVICES COMPANY" OR "ESCO" SHALL MEAN AN ENTITY  ELIGIBLE
 TO  SELL  ENERGY SERVICES TO END-USE CUSTOMERS USING THE TRANSMISSION OR
 DISTRIBUTION SYSTEM OF A UTILITY.
   § 2. Subdivision (f) of section 103 of the abandoned property law,  as
 amended by chapter 498 of the laws of 1944 and relettered by chapter 908
 of the laws of 1974, is amended to read as follows:
   (f)  "Utility  services" means gas, electricity or steam supplied by a
 gas, electric, gas and electric or  district  steam  corporation  OR  AN
 ENERGY SERVICES COMPANY, telephone, telegraph or other service furnished
 by  a telephone, telegraph or telegraph and telephone corporation, water
 supplied by a waterworks corporation, or appliances, equipment,  instal-
 lations,  fixtures  or  appurtenances  rented by any such corporation OR
 COMPANY.
   § 3. The opening paragraph of subdivision 1  of  section  400  of  the
 abandoned  property  law, as amended by chapter 498 of the laws of 1944,
 is amended to read as follows:
   The following unclaimed moneys held or owing by a gas corporation,  an
 electric  corporation,  a gas and electric corporation, a district steam
 corporation, AN ENERGY SERVICES  COMPANY,  a  telegraph  corporation,  a
 telephone  corporation,  a  telegraph  and  telephone  corporation, or a
 waterworks corporation, shall be deemed abandoned property:
   § 4. Paragraphs (a) and (b) of subdivision 1 of  section  400  of  the
 abandoned  property  law,  as amended by chapter 78 of the laws of 1976,
 are amended to read as follows:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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