Assembly Bill A5402

2025-2026 Legislative Session

Relates to prohibiting the public service commission from approving a rate increase which allows a utility to recover certain operating expenses

download bill text pdf

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Current Bill Status - In Assembly 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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2025-A5402 (ACTIVE) - Details

See Senate Version of this Bill:
S3734
Current Committee:
Assembly Energy
Law Section:
Public Service Law
Laws Affected:
Amd §66, Pub Serv L

2025-A5402 (ACTIVE) - Summary

Relates to prohibiting the public service commission from approving a rate increase which allows a utility to recover its direct or indirect costs in excess of one hundred thousand dollars associated with its attendance in, participation in, preparation for, or appeal of any rate proceeding conducted before the commission, or employee or executive salaries in excess of the current salary of the governor of the state.

2025-A5402 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5402
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 13, 2025
                                ___________
 
 Introduced  by M. of A. BURDICK -- read once and referred to the Commit-
   tee on Energy
 
 AN ACT to amend the public service law, in relation to  prohibiting  the
   public  service commission from approving a rate increase which allows
   a utility to recover certain operating expenses

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 12 of section 66 of the public service law is
 amended by adding a new paragraph (m) to read as follows:
   (M) THE COMMISSION SHALL NOT APPROVE ANY RATE INCREASE WHICH ALLOWS  A
 UTILITY TO RECOVER THE FOLLOWING OPERATING EXPENSES:
   (I)  ITS  DIRECT  OR  INDIRECT COSTS IN EXCESS OF ONE HUNDRED THOUSAND
 DOLLARS ASSOCIATED WITH ITS ATTENDANCE IN, PARTICIPATION IN, PREPARATION
 FOR, OR APPEAL OF ANY RATE PROCEEDING CONDUCTED BEFORE  THE  COMMISSION.
 SUCH  COSTS  SHALL INCLUDE, BUT NEED NOT BE LIMITED TO, ATTORNEYS' FEES,
 FEES TO ENGAGE EXPERT WITNESSES OR CONSULTANTS, THE PORTION OF  EMPLOYEE
 SALARIES  ASSOCIATED WITH SUCH ATTENDANCE, PARTICIPATION, PREPARATION OR
 APPEAL OF A RATE PROCEEDING AND RELATED COSTS IDENTIFIED BY THE  COMMIS-
 SION; OR
   (II) EMPLOYEE OR EXECUTIVE SALARIES IN EXCESS OF THE CURRENT SALARY OF
 THE  GOVERNOR  OF  NEW YORK AS PROVIDED FOR BY A JOINT RESOLUTION OF THE
 LEGISLATURE AT THE TIME OF THE UTILITY'S INITIAL FILING WITH THE COMMIS-
 SION.
   § 2. This act shall take effect on the one hundred eightieth day after
 it shall have become a law.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07223-02-5



              

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