NY State Senate Bill 2019-S7830

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications 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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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Feb 25, 2020	referred to energy and telecommunications

2019-S7830 (ACTIVE) - Details

Current Committee:: Senate Energy And Telecommunications
Law Section:: Public Authorities Law
Laws Affected:: Amd §1002, Pub Auth L
Versions Introduced in 2017-2018 Legislative Session:: S8364

2019-S7830 (ACTIVE) - Summary

Requires the power authority of the state of New York to file a report annually commencing March 31, 2023 with the governor, the comptroller, the chair of the assembly ways and means and the senate finance committees, respectively, and the authority budget office, on its operations and transactions, complying with the uniform system of accounts required for electric corporations pursuant to the public service law.

2019-S7830 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S7830

SPONSOR: COMRIE
 
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 the Power Authority of the State of New York (NYPA) to
conform their annual report and books of account with the ones submitted
by electric and gas corporations to the Public Service Commission (PSC).

 
SUMMARY OF SPECIFIC PROVISIONS:

Section one amends section 1002 of the public authorities law by adding
a new subdivision which would require NYPA to file an annual report with
the Governor, the Comptroller and the fiscal committees of the Legisla-
ture, in exact likeness to the annual report which electric and gas

corporations submit to the PSC. This subdivision also requires NYPA to
conform their books of account to the Uniform System of Accounts of the
PSC.

Section two provides the effective date.

 
JUSTIFICATION:

The report that NYPA 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 annu-
al report, which this bill asks NYPA 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 they are now required to submit.

 
PRIOR LEGISLATIVE HISTORY:

2019:S.1873/A.435 Vetoed.
2018:A.9982 Passed Assembly / S.8364 Reported and Committed to Rules.
2017:A.3773(Dinowitz)Passed Assembly.
2016:A.1975(Brennan)Committed to Corporations.
2015:A.1975(Brennan)Passed Assembly.
2014:A.8477(Brennan)Referred to Corporations.
2013:A.4017(Gabryszak) Passed Assembly.
2011-12: A.425CA (Gabryszak) Passed Assembly / S.5549 Referred to Ener-
gy.
2009-10: A.918 (DelMonte) Referred to Corporations.

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None.

 
EFFECTIVE DATE:
Immediately.

2019-S7830 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7830
 
                             I N  S E N A T E
 
                             February 25, 2020
                                ___________
 
 Introduced  by  Sen.  COMRIE -- 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 TWENTY-THREE AND EVERY YEAR
 THEREAFTER 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.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01946-02-0

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Senate Bill S7830

Sponsored By

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

2019-S7830 (ACTIVE) - Details

2019-S7830 (ACTIVE) - Summary

2019-S7830 (ACTIVE) - Sponsor Memo

2019-S7830 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S7830

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Sponsored By

Leroy Comrie

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

2019-S7830 (ACTIVE) - Details

2019-S7830 (ACTIVE) - Summary

2019-S7830 (ACTIVE) - Sponsor Memo

2019-S7830 (ACTIVE) - Bill Text download pdf

Comments