|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to energy and telecommunications|
|Jan 14, 2011||referred to energy and telecommunications|
senate Bill S1979
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1979 - Details
S1979 - Summary
Provides that every gas or electric rate schedule, which is based on projections of revenues, expenditures and utility operations for more than 18 months, shall be annually reviewed by the public service commission; such review proceeding shall include all the parties involved in the proceeding at which such schedule was originally approved.
S1979 - Sponsor Memo
BILL NUMBER:S1979 TITLE OF BILL: An act to amend the public service law, in relation to requiring annual reviews of multi-year rate plans PURPOSE OR GENERAL IDEA OF BILL: In its January 2007 report, the Assembly Queens Power Outage Task Force recommended several measures to improve oversight of utilities and prevent future blackouts. This bill will restore utility accountability by requiring annual reviews of utility performance under multi-year rate plans. SUMMARY OF PROVISIONS: Bill §1 amends paragraph (f) of subdivision 12 of §66 of the Public Service Law to require that any utility rate filing based on future revenues, expenditures and operations for a period of more than 18 months must also include annual revenue and expenditure projections and benchmarks for maintenance and operations, service quality and other items deemed appropriate by the Public Service Commission (PSC). The PSC shall commence a proceeding to review the continued validity of such projections not more than 3 months after the anniversary date of the date such schedule became effective. Participation in this proceeding would be open to each party to the original proceeding and any new parties that are likely
S1979 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1979 2011-2012 Regular Sessions I N S E N A T E January 14, 2011 ___________ Introduced by Sen. GIANARIS -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the public service law, in relation to requiring annual reviews of multi-year rate plans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (f) of subdivision 12 of section 66 of the public service law, as amended by chapter 154 of the laws of 1989, is amended to read as follows: (f) Whenever there shall be filed with the commission by any utility any schedule stating a new rate or charge, or any change in any form of contract or agreement or any rule or regulation relating to any rate, charge or service, or in any general privilege or facility, the commis- sion may, at any time within sixty days from the date when such schedule would or has become effective, either upon complaint or upon its own initiative, and, if it so orders, without answer or other formal plead- ing by the utility, but upon reasonable notice, hold a hearing concern- ing the propriety of a change proposed by the filing. If such change is a major change, the commission shall hold such a hearing. Pending such hearing and decision thereon, the commission, upon filing with such schedule and delivering to the utility, a statement in writing of its reasons therefor, may suspend the operation of such schedule, but not for a longer period than one hundred and twenty days beyond the time when it would otherwise go into effect. After full hearing, whether completed before or after the schedule goes into effect, the commission may make such order in reference thereto as would be proper in a proceeding begun after the rate, charge, form of contract or agreement, rule, regulation, service, general privilege or facility had become effective. If any such hearing cannot be concluded within the period of EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05105-01-1
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