| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 18, 2011 |
referred to energy and telecommunications |
Senate Bill S2038
2011-2012 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee
Actions
2011-S2038 (ACTIVE) - Details
- Current Committee:
- Senate Energy And Telecommunications
- Law Section:
- Public Service Law
- Laws Affected:
- Amd ยง66, Pub Serv L
- Versions Introduced in 2009-2010 Legislative Session:
-
S887
2011-S2038 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2038
TITLE OF BILL:
An act
to amend the public service law, in relation to the powers of the
public service commission
SUMMARY:
This bill would amend subdivision 19 of
section 66 of the
Public Service Law to vest the authority of the Public Service
Commission to fix the compensation of any member of the Board of
Directors of any gas or electric corporation at any amount it deems
appropriate. The PSC would also have the power to remove any or all
members of such Board of Directors. These sanctions would be
available to the Public Service Commission upon a finding by the
Commission that such corporation has committed a gross error in the
management of such corporation.
JUSTIFICATION:
At present, the Public Service
Commission has certain
regulatory authority over gas and electric utilities, but this
authority does not include the fixing of compensation of members of
the Board of Directors or their removal from office. This bill would
vest the PSC with such authority, provided that a finding has been
2011-S2038 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
2038
2011-2012 Regular Sessions
I N S E N A T E
January 18, 2011
___________
Introduced by Sen. KRUGER -- 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 the powers of the
public service commission
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 19 of section 66 of the public service law is
amended by adding a new undesignated paragraph to read as follows:
UPON A FINDING BY THE COMMISSION THAT A GAS CORPORATION OR ELECTRIC
CORPORATION HAS COMMITTED A GROSS ERROR IN THE MANAGEMENT OF SUCH CORPO-
RATION, THE COMMISSION SHALL HAVE THE AUTHORITY TO FIX THE COMPENSATION
OF ANY MEMBER OF THE BOARD OF DIRECTORS OF SUCH CORPORATION AT ANY
AMOUNT IT DEEMS APPROPRIATE OR TO REMOVE ANY OR ALL MEMBERS OF THE BOARD
OF DIRECTORS OF SUCH CORPORATION.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07155-01-1
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