senate Bill S7007
(R) 0 Senate District
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Vetoed by Governor
Directs the public service commission to conduct a study on gas and electric supply prices during the time period commencing on November 1, 2013 and ending on April 30th, 2014.
TITLE OF BILL: An act to amend the public service law, in relation to
directing the public service commission to conduct a study on gas and
electric supply prices
to direct the Public Service Commission and the Bulk System Operator
to conduct a study on the causes of large price increases for electric
and gas supply this past winter and provide policy recommendations to
Summary of Provisions:
Section 1. Requires the Public Service Commission and the Bulk system
operator to conduct a study to determine the factors that caused major
price spikes on consumer gas and electric bills this past winter.
Section 2. Sets forth the effective Date
This past winter saw some of the largest electricity supply price
increases in recent memory. These increases across the state ranged
from 15% to more than 60% and were a shock to consumers who struggled
to pay ever higher utility bills. The Public Service commission and
the Bulk system operator are in the best position to understand and
evaluate the state and national causes of these large price increases.
The Commission's most important statutory duty is to act in the public
interest and nothing could more clearly fall into that category than
explaining why these massive price increases happened and making
recommendations to the legislature about policy changes that might
mitigate these increases in the future. Consumers are justifiably
demanding answers and this bill will help to provide them.
Minimal-only cost is the value of time spent on this project by
Department of Public Service Staff.
This is a new bill.
This bill shall take effect immediately.
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