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NY A00646
Bill
Status
1/9/2013
Primary Sponsor
Andrew Hevesi
Click for details
AI Summary
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Requires the Public Service Commission to order annual projections of revenues, expenditures, and operational benchmarks for utility rate schedules based on projections longer than 18 months.
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Mandates the Commission commence a review proceeding no more than three months after each anniversary date of when the rate schedule became effective to evaluate whether projections remain valid.
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Grants all original parties to the rate schedule proceeding automatic party status in subsequent annual review proceedings, while allowing additional intervention if it contributes to a complete record or serves the public interest.
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Authorizes the Commission to issue appropriate orders if projections are not met or require reconsideration, with review proceedings continuing annually on subsequent anniversary dates.
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Takes effect 180 days after becoming law, with the Public Service Commission immediately authorized to promulgate necessary rules for implementation.
Legislative Description
Provides that every gas or electric rate schedule, which is based on projections of revenues, expenditures and utility operations for more than 18 months, shall be annually reviewed by the public service commission; such review proceeding shall include all the parties involved in the proceeding at which such schedule was originally approved.
Last Action
advanced to third reading cal.635
5/8/2014