Assembly Bill A10065

2019-2020 Legislative Session

Provides for a two percent cap on rate increases imposed by utilities

download bill text pdf

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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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2019-A10065 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Service Law
Laws Affected:
Amd §65, Pub Serv L; amd §1020-f, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2021-2022: A3650
2023-2024: A4610

2019-A10065 (ACTIVE) - Summary

Provides for a two percent cap on rate increases imposed by utilities.

2019-A10065 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10065
 
                           I N  A S S E M B L Y
 
                               March 6, 2020
                                ___________
 
 Introduced  by M. of A. GRIFFIN -- read once and referred to the Commit-
   tee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public service law and the public  authorities  law,
   in  relation  to  providing  for  a  two percent cap on rate increases
   imposed by utilities
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 1 of section 65 of the public service law, as
 amended by chapter 789 of the laws  of  1930,  is  amended  to  read  as
 follows:
   1. Every gas corporation, every electric corporation and every munici-
 pality  shall  furnish  and  provide such service, instrumentalities and
 facilities as shall be safe and adequate and in all  respects  just  and
 reasonable.  All  charges  made or demanded by any such gas corporation,
 electric corporation or municipality for gas, electricity or any service
 rendered or to be rendered, shall be just and reasonable  and  not  more
 than  allowed  by  law  or  by  order of the commission. Every unjust or
 unreasonable charge made or demanded for gas, electricity  or  any  such
 service, or in connection therewith, or in excess of that allowed by law
 or  by the order of the commission is prohibited.  NO GAS CORPORATION OR
 ELECTRIC CORPORATION SHALL INCREASE RATES AND CHARGES BY MORE  THAN  TWO
 PERCENT AS MEASURED ON AN ANNUAL BASIS.
   §  2.  Paragraphs  2 and 4 of 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, are amended to read as follows:
   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]. SUCH RATE PROPOSAL
 SHALL NOT PROVIDE FOR AN INCREASE OF SUCH RATES AND CHARGES BY MORE THAN
 TWO 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 prospective rate adjustment; provided, further, that a
 final  rate plan issued by the authority that would not so increase such

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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