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NY A05992
Bill
Status
3/12/2013
Primary Sponsor
Edward Hennessey
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AI Summary
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Amends Public Authorities Law Section 1020-s to require Long Island Power Authority (LIPA) fuel adjusted surcharge increases to undergo Public Service Commission (PSC) review before taking effect
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PSC must review proposed increases to ensure they are just and reasonable under Public Service Law Section 65 and issue a written report
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Applies notwithstanding existing subdivision one of Section 1020-s, placing new restrictions on LIPA's surcharge authority
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Takes effect 60 days after becoming law
Legislative Description
Directs that any increase of the fuel adjusted surcharges imposed by the Long Island Power Authority shall be subject to the review of the public service commission prior to such increase taking effect.
Last Action
referred to corporations, authorities and commissions
1/8/2014