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NY A00024
Bill
Status
1/5/2011
Primary Sponsor
Kevin Cahill
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AI Summary
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Requires the Public Service Commission to consider economic impact on consumers and service areas when determining if utility charges are just and reasonable for gas, electric, steam, water, telegraph, and telephone corporations.
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Defines "major increase" as a rate increase generating more than $300,000 or 2.5% in additional aggregate revenues, triggering mandatory economic impact review.
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Mandates the Commission consider unemployment data, median income information, social services assistance recipients, average monthly utility bills by customer class, and federal consumer price index figures for cost of living and utilities.
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Applies to all rate increase requests submitted on or after the bill's effective date.
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Takes effect immediately upon enactment.
Legislative Description
Requires consideration of evidence relating to the economic impact of major increases of rates or charges upon consumers and the areas affected by such increases of rates or charges prior to approval of any such rates or charges; establishes minimum data to be considered by the public service commission relating to such economic impact.
Last Action
referred to corporations, authorities and commissions
1/5/2011