NY State Senate Bill 2025-S7229

Senate Bill S7229

2025-2026 Legislative Session

Increases the penalties imposed upon gas and electric utilities for failure to file or correct an annual report with the public service commission

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Current 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Apr 04, 2025	referred to energy and telecommunications

co-Sponsors

2025-S7229 (ACTIVE) - Details

Current Committee:: Senate Energy And Telecommunications
Law Section:: Public Service Law
Laws Affected:: Amd §66, Pub Serv L
Versions Introduced in Other Legislative Sessions:: 2011-2012: S4230
2013-2014: S608
2015-2016: S2482
2017-2018: S3234
2019-2020: S2154
2021-2022: S1244
2023-2024: S172

2025-S7229 (ACTIVE) - Summary

Increases the penalties imposed upon gas and electric utilities for failure to file or correct an annual report with the public service commission; provides such penalties shall not be more than one-tenth of 1% of the utilities' annual net revenue for each day of violation, but not to exceed $25,000 nor be less than $100.

2025-S7229 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S7229

SPONSOR: GIANARIS
 
TITLE OF BILL:

An act to amend the public service law, in relation to penalties for the
failure of gas and electric corporations to file or correct an annual
report

 
PURPOSE:

To ensure compliance with reporting requirements under the Public
Service Law by increasing penalties for any utility company that fails
to file or correct an annual report with the Public Service Commission.

 
SUMMARY OF PROVISIONS:

Section one amends subdivision 6 of § 66 of the public service law, as
amended by chapter 784 of the laws of 1923, to increase the penalties
imposed upon gas and electric utilities for failure to file or correct
an annual report with the public service commission.

Section two sets the effective date.

 
JUSTIFICATION:

A Task Force convened in response to a massive power outage in western
Queens in 2006 found that, in many cases, the sanctions imposed by the
Public Service Commission are neither timely nor meaningful.  While New
York's Public Service Commission is authorized to sanction utility
providers for violating deadlines or failing to correct their annual
reports are not meaningful or imposed in a timely fashion. A $100 penal-
ty is simply a minor cost of doing business to a multi-billion-dollar
utility provider. The amounts that a major utility could be penalized
for being one day, or even one year, late in meeting a deadline would be
well beneath its notice. To aggressively protect consumers, the PSC
needs to have sufficient tools with which to do so. This bill would
bring the penalties in line with the realities of today's energy
markets.

 
LEGISLATIVE HISTORY:

2024-23: S172 died in Energy and Telecommunications / no Assembly same
as

2022: S1244 died in Energy and Telecommunications / no Assembly same as

2021: S1244 advanced to Third Reading / no Assembly same as

2019-20: S2154 died in Energy and Telecommunications / no Assembly same
as

2017-18: S3234 died in Energy and Telecommunications / no Assembly same
as

2015-16: S2482 died in Energy and Telecommunications / no Assembly same
as


2013-14: S608 died in Energy and Telecommunications / A647 died in ener-
gy

2012: S4230 died in Rules / A2364 advanced to third reading

2011: S4230 died in Energy and Telecommunications / A2364 advanced to
third reading

2010: A1595 ordered to third reading / no Senate same as

2009: A1595 advanced to third reading / no Senate same as

2008: A8623 advanced to third reading / no Senate same as

2007: A8623 died in codes / no Senate same as

 
FISCAL IMPLICATIONS:

TBD

 
EFFECTIVE DATE:
This act shall take effect on the one hundred twentieth day after it
shall have become a law. Effective immediately, the public service
commission is authorized to take any and all actions, including but not
limited to the promulgation of any necessary rules, necessary to fully
implement the provisions of this act on its effective date.

2025-S7229 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7229
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               April 4, 2025
                                ___________
 
 Introduced by Sens. GIANARIS, KRUEGER -- read twice and ordered printed,
   and  when printed to be committed to the Committee on Energy and Tele-
   communications
 
 AN ACT to amend the public service law, in relation to penalties for the
   failure of gas and electric corporations to file or correct an  annual
   report

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 6 of section 66 of the public service  law,  as
 amended  by  chapter  784  of  the  laws  of 1923, is amended to read as
 follows:
   6. Require every person and corporation under its supervision  and  it
 shall  be the duty of every such person and corporation to file with the
 commission an annual report, verified by  the  oath  of  the  president,
 vice-president,  treasurer,  secretary, general manager, or receiver, if
 any, thereof, or by the person required to file the same. The  verifica-
 tion  shall  be  made by said official holding office at the time of the
 filing of said report, and if not made upon the knowledge of the  person
 verifying  the  same  shall set forth the sources of [his] SUCH PERSON'S
 information and the grounds of [his]  THE  PERSON'S  belief  as  to  any
 matters not stated to be verified upon [his] THE PERSON'S knowledge. The
 report  shall  show  in  detail (a) the amount of its authorized capital
 stock and the amount thereof issued and outstanding; (b) the  amount  of
 its authorized bonded indebtedness and the amount of its bonds and other
 forms  of  evidence  of  indebtedness  issued  and  outstanding; (c) its
 receipts and expenditures during the preceding year; (d) the amount paid
 as dividends upon its stock and as interest  upon  its  bonds;  (e)  the
 names  of its officers and the aggregate amount paid as salaries to them
 and the amount paid as wages to its employees; (f) the location  of  its
 plant  or plants and system, with a full description of its property and
 franchises, stating in detail how each franchise stated to be owned  was
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01798-01-5

 S. 7229                             2
 
 acquired; and (g) such other facts pertaining to the operation and main-
 tenance  of  the  plant  and  system,  and the affairs of such person or
 corporation as may be required by the commission. Such reports shall  be
 in the form, cover the period and be filed at the time prescribed by the
 commission.  The  commission  may,  from  time to time, make changes and
 additions in such forms. When any such report is defective  or  believed
 to  be erroneous, the commission shall notify the person, corporation or
 municipality making  such  report  to  amend  the  same  within  a  time
 prescribed  by the commission. Any such person or corporation or munici-
 pality which shall neglect to make any such report or which  shall  fail
 to  correct any such report within the time prescribed by the commission
 shall be liable to a penalty of NOT MORE THAN ONE-TENTH OF  ONE  PERCENT
 OF  THE  ANNUAL NET REVENUES OF SUCH PERSON, CORPORATION OR MUNICIPALITY
 FOR THE PAST YEAR, BUT NOT MORE THAN TWENTY-FIVE  THOUSAND  DOLLARS  NOR
 LESS  THAN one hundred dollars and an additional penalty of [one hundred
 dollars] NOT MORE THAN THE SAME AMOUNT for each day after the prescribed
 time for which it shall neglect to file or correct the same, to be  sued
 for  in  the  name  of  the  people of the state of New York. The amount
 recovered in any such action shall be paid into the state  treasury  and
 be  credited  to  the  general  fund. The commission may extend the time
 prescribed for cause shown.
   § 2. This act shall take effect on the one hundred twentieth day after
 it shall have become a law. Effective immediately,  the  public  service
 commission  is authorized to take any and all actions, including but not
 limited to the promulgation of any necessary rules, necessary  to  fully
 implement the provisions of this act on its effective date.

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Senate Bill S7229

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Sponsored By

Michael Gianaris