S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8780
 
                           I N  A S S E M B L Y
 
                             January 12, 2022
                                ___________
 
 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 and steam
   corporations;  and to amend a chapter of the laws of 2021 amending the
   public service law and the public authorities law relating to  requir-
   ing  a compensation statement to be filed by certain gas corporations,
   electric corporations, water-works corporations and service providers,
   as proposed in legislative bills numbers S. 1544-A  and  A.  4403,  in
   relation to the effectiveness thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 111-a of the public service  law,  as  added  by  a
 chapter  of  the  laws  of  2021 amending the public service law and the
 public authorities law relating to requiring a compensation statement to
 be filed by certain gas corporations, electric corporations, water-works
 corporations and service providers, as  proposed  in  legislative  bills
 numbers S. 1544-A and A. 4403, is amended to read as follows:
   §  111-a.  Additional  information  in  annual  reports; disclosure of
 compensation. 1. [Any]  EVERY  gas  corporation,  electric  corporation,
 STEAM CORPORATION, AND water-works corporation WHOSE RATES ARE REGULATED
 BY  THE COMMISSION, [or service provider with] AND HAVING a gross annual
 operating revenue of more than one million  dollars  shall  prepare  and
 [file]  INCLUDE  IN  ITS ANNUAL REPORT FILED with the department[, 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 DIREC-
 TORS 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  busi-
 ness unit, division or function of such gas corporation, electric corpo-
 ration,  water-works corporation or service provider; or any other offi-
 cer who performs a policy making  function,  or  any  other  person  who

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

                                                            LBD01236-06-2
 A. 8780                             2

 performs similar policy making functions for such gas corporation, elec-
 tric  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 DIRECTOR; and
   b.  the  ESTIMATED  proportion of the compensation disclosed in [para-
 graph a of] ACCORDANCE WITH this subdivision, that is paid, directly  or
 indirectly,  by  the ratepayers TO THE EXTENT SUCH PROPORTION IS REASON-
 ABLY CALCULABLE.
   2. [Any gas  corporation,  electric  corporation,  water-works  corpo-
 ration,  or  service  provider  with a gross annual operating revenue of
 more than 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] FOR PURPOSES OF THIS SECTION:
   A. "COMPENSATION" MEANS SALARY, DEFERRED COMPENSATION, INCENTIVE  PAY,
 STOCK OPTIONS, LIFE INSURANCE PREMIUMS AND ANY CHANGE IN ACTUARIAL VALUE
 OF ACCUMULATED PENSION BENEFITS FOR THE REPORTING PERIOD.
   B.  "EXECUTIVE OFFICER" MEANS THE PRESIDENT, SECRETARY, TREASURER, AND
 VICE PRESIDENT IN CHARGE OF A PRINCIPAL BUSINESS UNIT, DIVISION OR FUNC-
 TION OF SUCH GAS CORPORATION, ELECTRIC CORPORATION,  WATER-WORKS  CORPO-
 RATION  OR STEAM CORPORATION, AND ANY OTHER OFFICER WHO PERFORMS SIMILAR
 POLICY-MAKING FUNCTIONS FOR SUCH GAS CORPORATION, ELECTRIC  CORPORATION,
 WATER-WORKS  CORPORATION,  OR STEAM CORPORATION AND WHO RECEIVES COMPEN-
 SATION AT THE RATE OF ONE HUNDRED SEVENTY-FIVE THOUSAND DOLLARS OR  MORE
 PER ANNUM.
   3.  The compensation statement for each such gas corporation, electric
 corporation, STEAM CORPORATION AND water-works corporation  [or  service
 provider]  shall  be made publicly available on the department's website
 NOT LATER THAN THIRTY DAYS AFTER THE DATE OF THE FILING  OF  THE  ANNUAL
 REPORT REQUIRED BY SUBDIVISION ONE OF THIS SECTION. THE DEPARTMENT SHALL
 POST  A  COMPENSATION  STATEMENT  FOR  THE LONG ISLAND POWER AUTHORITY'S
 SERVICE PROVIDER CONTAINING THE INFORMATION LISTED IN SUBDIVISION ONE OF
 THIS SECTION ANNUALLY ON OR BEFORE MAY FIRST OF EACH YEAR.  THE  DEPART-
 MENT IS AUTHORIZED TO REQUEST AND COLLECT ANY INFORMATION NECESSARY FROM
 THE   SERVICE   PROVIDER   TO  COMPLY  WITH  THE  REQUIREMENTS  OF  THIS
 SUBDIVISION.
   § 2. Subdivision (ii) of section 1020-f of the public authorities law,
 as added by a chapter of the laws of 2021 amending  the  public  service
 law  and the public authorities law relating to requiring a compensation
 statement to be filed  by  certain  gas  corporations,  electric  corpo-
 rations,  water-works corporations and service providers, as proposed in
 legislative bills numbers S. 1544-A and A. 4403, is amended to  read  as
 follows:
   (ii) The [authority and the] service provider shall assist and cooper-
 ate  with the department of public service with respect to providing any
 data or information necessary FOR THE DEPARTMENT to [comply with] POST A
 COMPENSATION STATEMENT FOR  THE  SERVICE  PROVIDER  IN  ACCORDANCE  WITH
 SUBDIVISION  THREE OF section one hundred eleven-a of the public service
 law.
   § 3. Section three of a chapter of  the  laws  of  2021  amending  the
 public  service law and the public authorities law relating to requiring
 a compensation statement to be filed by certain gas corporations,  elec-
 tric  corporations,  water-works  corporations and service providers, as
 proposed in legislative bills numbers S. 1544-A and A. 4403, is  amended
 to read as follows:
 A. 8780                             3

   §  3.  This  act  shall take effect [immediately] ON THE NINETIETH DAY
 AFTER IT SHALL HAVE BECOME A LAW.
   §  4.  This  act shall take effect immediately; provided however, that
 sections one and two of this act shall take effect on the same date  and
 in  the same manner as a chapter of the laws of 2021 amending the public
 service law and the public  authorities  law  relating  to  requiring  a
 compensation statement to be filed by certain gas corporations, electric
 corporations,   water-works   corporations  and  service  providers,  as
 proposed in legislative bills numbers  S.  1544-A  and  A.  4403,  takes
 effect.