Assembly Bill A3312

2011-2012 Legislative Session

Empowers public service commission to provide for refund of excess revenues by telephone corporations

download bill text pdf

Sponsored By

Archive: Last 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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2011-A3312 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Service Law
Laws Affected:
Amd ยง94, Pub Serv L
Versions Introduced in 2009-2010 Legislative Session:
A4735

2011-A3312 (ACTIVE) - Summary

Authorizes the public service commission to order a refund of any revenues which, when received by a telephone corporation, cause it to have earnings in excess of its authorized rate of return for the preceding year; provides that the public service commission may initiate a proceeding with respect to such refund at the end of any twelve-month period.

2011-A3312 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3312

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 24, 2011
                               ___________

Introduced by M. of A. BRENNAN -- Multi-Sponsored by -- M. of A. CAHILL,
  COLTON, COOK, DINOWITZ, ENGLEBRIGHT, GLICK, GOTTFRIED, HOOPER, JACOBS,
  LATIMER,  PHEFFER,  SWEENEY -- read once and referred to the Committee
  on Corporations, Authorities and Commissions

AN ACT to amend the public service law, in relation to  excess  earnings
  by telephone corporations

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 94 of the public service law is amended by adding a
new subdivision 5 to read as follows:
  5. NOTWITHSTANDING ANY GENERAL OR SPECIAL LAW, RULE OR REGULATION, THE
COMMISSION SHALL HAVE THE POWER TO PROVIDE FOR THE REFUND OF ANY  REVEN-
UES RECEIVED BY ANY TELEPHONE CORPORATION WHICH CAUSE THE CORPORATION TO
HAVE  REVENUES  IN  THE  AGGREGATE  IN  EXCESS OF ITS AUTHORIZED RATE OF
RETURN FOR A PERIOD OF TWELVE MONTHS.   THE COMMISSION  MAY  INITIATE  A
PROCEEDING  WITH  RESPECT  TO  SUCH A REFUND AFTER THE CONCLUSION OF ANY
SUCH TWELVE MONTH PERIOD.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06020-01-1

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