Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 07, 2018 |
reported and committed to rules |
Jan 18, 2018 |
referred to energy and telecommunications |
Senate Bill S7434
2017-2018 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
Actions
Votes
2017-S7434 (ACTIVE) - Details
2017-S7434 (ACTIVE) - Summary
Enacts the "Long Island power authority rate reform act"; requires that the board of trustees of LIPA not approve a final rate plan until it holds a public hearing in each county within the service area upon at least thirty days notice to the public; requires that the department of public service shall not recommend a rate increase to offset revenue loss due to energy conservation efforts by consumers.
2017-S7434 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7434 SPONSOR: LAVALLE TITLE OF BILL: An act to amend the public authorities law and the public service law, in relation to enacting the "Long Island power authority rate reform act" PURPOSE: Establishes the "Long Island Power Authority Rate Reform Act." SUMMARY OF PROVISIONS: Section 1. Cites the "Long Island Power Authority Rate Reform Act." Section 2. Amends subdivision (u) of Section 1020-f of the Public Authorities Law relating to rate plans. Section 3. Amends paragraph a of subdivision 3 of Section 3-b of the Public Service Law to prohibit the Department of Public Service-Long Island from recommending a rate increase to offset revenue loss due to
2017-S7434 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 7434 A. 9042 S E N A T E - A S S E M B L Y January 18, 2018 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Energy and Telecommunications IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law and the public service law, in relation to enacting the "Long Island power authority rate reform act" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "Long Island power authority rate reform act". § 2. Subdivision (u) of section 1020-f of the public authorities law, as added by section 7 of part A of chapter 173 of the laws of 2013, and paragraph 2-a as added by chapter 471 of the laws of 2014, is amended to read as follows: (u) Rate plans. Subject to subdivision six of section one thousand twenty-k of this title to fix rates and charges for the furnishing or rendition of gas or electric power or of any related service at the lowest level consistent with sound fiscal and operating practices of the authority and which provide for safe and adequate service. In implement- ing this power: 1. The authority and the service provider shall, on or before February first, two thousand fifteen, submit for review to the department of public service a three-year rate proposal for rates and charges to take effect on or after January first, two thousand sixteen. 2. The authority and the service provider shall thereafter submit for review to the department of public service any rate proposal that would increase the rates and charges and thus increase the aggregate revenues of the authority by more than two and one-half percent to be measured on an annual basis[; provided, however, that the authority may place such rates and charges into effect on an interim basis, subject to prospec- tive rate adjustment; provided, further, that a final rate plan issued EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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