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Senate Bill S7341

2023-2024 Legislative Session

Requires the public service commission to retain an independent auditor to conduct audits of private water utility companies prior to and after rate changes are approved by the public service commission

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Archive: Last Bill Status - In Senate Committee Finance Committee

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2023-S7341 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Public Service Law
Laws Affected:
Amd §89-c, Pub Serv L
Versions Introduced in Other Legislative Sessions:
2017-2018: S6862
2019-2020: S20
2021-2022: S3022
2025-2026: S2413

2023-S7341 (ACTIVE) - Summary

Requires the public service commission to retain an independent auditor to conduct audits of private water utility companies prior to and after rate changes are approved by the public service commission.

2023-S7341 (ACTIVE) - Sponsor Memo

2023-S7341 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7341
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 19, 2023
                                ___________
 
 Introduced by Sens. PARKER, MYRIE -- read twice and ordered printed, and
   when printed to be committed to the Committee on Finance
 
 AN  ACT  to  amend  the public service law, in relation to requiring the
   public service commission retain an  independent  auditor  to  conduct
   audits  of  private  water  utility  companies prior to and after rate
   changes are approved by the public service commission
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 10 of section 89-c of the public service law is
 amended by adding a new paragraph (b-1) to read as follows:
   (B-1) PRIOR TO THE APPROVAL BY THE COMMISSION OF A CHANGE BY A PRIVATE
 WATER  UTILITY COMPANY IN ANY RATE OR CHARGE, OR IN ANY FORM OF CONTRACT
 OR AGREEMENT OR ANY RULE OR REGULATION RELATING TO ANY RATE,  CHARGE  OR
 SERVICE, OR IN ANY GENERAL PRIVILEGE OR FACILITY, THE COMMISSIONER SHALL
 RETAIN  A  THIRD-PARTY AUDITOR TO CONDUCT AN AUDIT OF SUCH PRIVATE WATER
 UTILITY COMPANY AND PROVIDE HIS OR HER FINDINGS  TO  THE  COMMISSION  IN
 WRITING.  THE  THIRD-PARTY  AUDITOR  SHALL  NOT  BE  AFFILIATED WITH THE
 COMMISSION OR WITH ANY MEMBER OF THE PUBLIC SERVICE COMMISSION.  IN  THE
 EVENT  OF  APPROVAL  BY  THE  COMMISSION OF ANY SUCH CHANGE BY A PRIVATE
 WATER UTILITY COMPANY IN RATE OR CHARGE, OR IN ANY FORM OF  CONTRACT  OR
 AGREEMENT  OR  ANY  RULE  OR  REGULATION RELATING TO ANY RATE, CHARGE OR
 SERVICE, OR IN ANY GENERAL PRIVILEGE OR FACILITY, THE INDEPENDENT  AUDI-
 TOR  SHALL  CONDUCT  A SECOND AUDIT OF THE PRIVATE WATER UTILITY COMPANY
 ONE YEAR AFTER THE CHANGE TAKES EFFECT. THE COMMISSION SHALL PUBLISH THE
 RESULTS OF ALL SUCH AUDITS ON ITS WEBSITE.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11220-01-3

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