Prohibits electric corporations and gas corporations from passing along costs or increasing charges to ratepayers as a result of increased costs incurred due to legal or regulatory proceedings against such electric corporation, gas corporation, or utility, including settlements, attorneys' fees, penalties, fines or costs.
S T A T E O F N E W Y O R K
________________________________________________________________________
10042
I N A S S E M B L Y
January 30, 2026
___________
Introduced by M. of A. SHIMSKY -- read once and referred to the Commit-
tee on Energy
AN ACT to amend the public service law, in relation to prohibiting
electric corporations and gas corporations from increasing charges to
certain ratepayers due to legal or regulatory proceeding costs
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 66 of the public service law is amended by adding a
new subdivision 33 to read as follows:
33. PROHIBIT ELECTRIC CORPORATIONS, GAS CORPORATIONS, AND UTILITIES
FROM PASSING ALONG COSTS OR INCREASING CHARGES TO RATEPAYERS FOR ELEC-
TRICITY AND NATURAL GAS, OR ANY ASSOCIATED GOODS AND SERVICES, AS A
RESULT OF INCREASED COSTS INCURRED BY THE ELECTRIC CORPORATION, GAS
CORPORATION, OR UTILITY DUE TO LEGAL OR REGULATORY PROCEEDINGS AGAINST
SUCH ELECTRIC CORPORATION, GAS CORPORATION, OR UTILITY, INCLUDING BUT
NOT LIMITED TO SETTLEMENTS, ATTORNEYS' FEES, PENALTIES, FINES OR COSTS.
§ 2. This act shall take effect on the sixtieth day after it shall
have become a law. Effective immediately, the addition, amendment
and/or repeal of any rule or regulation necessary for the implementation
of this act on its effective date are authorized to be made and
completed on or before such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14379-01-6
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