S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4403
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 2021
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on Corporations, Authorities and Commissions
 
 AN  ACT  to amend the public service law and the public authorities law,
   in relation to requiring a  compensation  statement  to  be  filed  by
   certain  gas  corporations,  electric corporations, water-works corpo-
   rations and service providers
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The public service law is amended by adding a new section
 111-a to read as follows:
   § 111-A. ADDITIONAL  INFORMATION  IN  ANNUAL  REPORTS;  DISCLOSURE  OF
 COMPENSATION.  1. ANY GAS CORPORATION, ELECTRIC CORPORATION, WATER-WORKS
 CORPORATION, OR SERVICE PROVIDER WITH A GROSS ANNUAL  OPERATING  REVENUE
 OF MORE THAN ONE MILLION DOLLARS SHALL PREPARE AND FILE WITH THE DEPART-
 MENT,  ON  OR  BEFORE  OCTOBER THIRTY-FIRST OF EACH YEAR, A COMPENSATION
 STATEMENT SHOWING FOR THE PRECEDING CALENDAR YEAR:
   A. THE NAMES, TITLES, AND DUTIES OF ALL  EXECUTIVE  OFFICERS  AND  THE
 COMPENSATION  RECEIVED  BY  EACH SUCH EXECUTIVE OFFICER. FOR PURPOSES OF
 THIS SECTION "EXECUTIVE  OFFICER"  INCLUDES  THE  PRESIDENT,  SECRETARY,
 TREASURER,  AND  VICE  PRESIDENT IN CHARGE OF A PRINCIPAL BUSINESS UNIT,
 DIVISION OR FUNCTION OF  SUCH  GAS  CORPORATION,  ELECTRIC  CORPORATION,
 WATER-WORKS  CORPORATION  OR  SERVICE PROVIDER; OR ANY OTHER OFFICER WHO
 PERFORMS A POLICY MAKING FUNCTION, OR  ANY  OTHER  PERSON  WHO  PERFORMS
 SIMILAR  POLICY  MAKING  FUNCTIONS  FOR  SUCH  GAS CORPORATION, ELECTRIC
 CORPORATION, WATER-WORKS CORPORATION, OR SERVICE PROVIDER WHO RECEIVES A
 COMPENSATION AT THE RATE OF ONE HUNDRED TWENTY-FIVE THOUSAND DOLLARS  OR
 MORE PER ANNUM; AND
   B. THE PROPORTION OF THE COMPENSATION DISCLOSED IN PARAGRAPH A OF THIS
 SUBDIVISION, THAT IS PAID, DIRECTLY OR INDIRECTLY, BY THE RATEPAYERS.
   2. ANY GAS CORPORATION, ELECTRIC CORPORATION, WATER-WORKS CORPORATION,
 OR  SERVICE  PROVIDER WITH A GROSS ANNUAL OPERATING REVENUE OF MORE THAN
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD01236-03-1

 A. 4403                             2
 
 ONE MILLION DOLLARS SHALL PROVIDE A COMPENSATION STATEMENT FOR SIX YEARS
 PRECEDING THE EFFECTIVE DATE OF THIS SECTION. SUCH REPORT SHALL  CONTAIN
 THE INFORMATION SPECIFIED IN SUBDIVISION ONE OF THIS SECTION.
   3.  THE COMPENSATION STATEMENT FOR EACH SUCH GAS CORPORATION, ELECTRIC
 CORPORATION, WATER-WORKS CORPORATION OR SERVICE PROVIDER SHALL  BE  MADE
 PUBLICLY AVAILABLE ON THE DEPARTMENT'S WEBSITE.
   § 2. Section 1020-f of the public authorities law, as added by chapter
 517  of the laws of 1986, is amended by adding a new subdivision (ii) to
 read as follows:
   (II) THE AUTHORITY AND THE SERVICE PROVIDER SHALL ASSIST AND COOPERATE
 WITH THE DEPARTMENT OF PUBLIC SERVICE WITH RESPECT TO PROVIDING ANY DATA
 OR INFORMATION NECESSARY TO COMPLY WITH SECTION ONE HUNDRED ELEVEN-A  OF
 THE PUBLIC SERVICE LAW.
   § 3. This act shall take effect immediately.