senate Bill S5549

2011-2012 Legislative Session

Prescribes uniform system of accounts for power authority of state of New York

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to energy and telecommunications
Jun 24, 2011 committed to rules
Jun 14, 2011 advanced to third reading
Jun 13, 2011 2nd report cal.
Jun 07, 2011 1st report cal.1075
Jun 01, 2011 referred to energy and telecommunications

Votes

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Jun 7, 2011 - Energy and Telecommunications committee Vote

S5549
10
0
committee
10
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
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Energy and Telecommunications Committee Vote: Jun 7, 2011

aye wr (2)

S5549 - Bill Details

See Assembly Version of this Bill:
A4250A
Current Committee:
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง1002, Pub Auth L
Versions Introduced in 2009-2010 Legislative Session:
A918

S5549 - Bill Texts

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Requires power authority of the state of New York to file a report annually commencing March 31, 2015 with the governor, the comptroller and the chairmen of the assembly ways and means and the senate finance committees, respectively, on its operations and transactions conforming, as far as feasible, with the uniform system of accounts required for electric corporations pursuant to the public service law.

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BILL NUMBER:S5549

TITLE OF BILL:
An act
to amend the public authorities law, in relation to prescribing a
uniform system of accounts for the power authority of the state of New
York

PURPOSE OR GENERAL IDEA OF BILL:
To require PASNY to conform their
annual report and books of account with the ones submitted by
electric and gas corporations to the PSC.

SUMMARY OF SPECIFIC PROVISIONS:
Requires PASNY to file an annual
report with the Governor, the Comptroller and the fiscal committees
Of the Legislature, in exact likeness to the annual report which
electric and gas corporations submit to the Public Service
Commission. Requires PASNY to conform their books of account with the
Uniform System of Accounts of the PSC.

EFFECTS OF PRESENT LAW WHICH THIS BILL WOULD ALTER:
Amends Sections 1002 of the Public Authorities Law.

JUSTIFICATION:
The report the: PASNY presently files with the
Governor, the Comptroller and the fiscal committees of the
Legislature is comparable to the annual reports that corporations
send to their stockholders. These reports tend to be more flash than
fact. The uniform system of accounts and the annual report, which
this bill asks PASFY to submit to the Governor, the comptroller and
the fiscal committees of the Legislature, is a thorough
disaggregation of a utility's financial condition with respect to all
sales, personnel, plant and equipment.
Such a report could shed much more light on the Authority's operations
than does the annual report which t:riey are now required to submit.

PRIOR LEGISLATIVE HISTORY:
A.918 of 2009-2010: Referred to Corporations
A.3293 of 2007-2008; Referred to Corporations
A.2713 of 2005-2006;
A.2175 of 2004-2005; Referred to Corporations
A.2176 of 2001-2002;
A.6800 of 1999-2000;
A.4765 of 1997-1998; Referred to Corporations
A.4038 of 1995-1996; Passed Assembly in 1995

FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None.

EFFECTIVE DATE:
Immediately.

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

                                  5549

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 1, 2011
                               ___________

Introduced  by  Sen. MAZIARZ -- 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 authorities law, in relation to prescribing a
  uniform system of accounts for the power authority of the state of New
  York

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

  Section 1. Section 1002 of the public authorities law   is amended  by
adding a new subdivision 3 to read as follows:
  3.   ON MARCH THIRTY-FIRST, TWO THOUSAND FIFTEEN AND EVERY YEAR THERE-
AFTER ON SUCH DATE, THE AUTHORITY SHALL  FILE  WITH  THE  GOVERNOR,  THE
COMPTROLLER,  THE  CHAIR  OF  THE ASSEMBLY WAYS AND MEANS COMMITTEE, THE
CHAIR OF THE SENATE FINANCE COMMITTEE AND THE AUTHORITY BUDGET OFFICE AN
ANNUAL REPORT FOR THE PRECEDING CALENDAR YEAR  THAT  SHALL  CONFORM,  IN
EXACT  LIKE  MANNER, TO THE ANNUAL REPORT FILED BY ELECTRIC CORPORATIONS
WITH THE PUBLIC  SERVICE  COMMISSION  PURSUANT  TO  SUBDIVISION  SIX  OF
SECTION  SIXTY-SIX OF THE PUBLIC SERVICE LAW. IN SO DOING, THE AUTHORITY
SHALL COMPLY WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED  FOR  ELECTRIC
CORPORATIONS  PURSUANT  TO  SUBDIVISION  SIX OF SECTION SIXTY-SIX OF THE
PUBLIC SERVICE LAW AND ALL APPLICABLE RULES AND REGULATIONS.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07783-03-1

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