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NY A08578

Bill

Official Source

Status

Introduced

1/23/2014

Primary Sponsor

James Brennan

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Amends Public Service Law Section 92(2)(c) to increase the threshold for "major changes" in telephone company rates from three hundred thousand dollars to five hundred thousand dollars
  • "Major changes" are defined as rate increases that would increase aggregate revenues more than the greater of five hundred thousand dollars or two and one-half percent
  • Authorizes the Public Service Commission to hold hearings and/or provide statements for rate increases below five hundred thousand dollars, even if they do not meet the "major change" threshold
  • Takes effect immediately upon enactment

Legislative Description

Relates to permitted changes in rate schedules for telephone companies; provides that a "major change" shall mean an increase in rates, charges and rentals which would increase the aggregate revenues of the applicant more than the greater of five hundred thousand dollars or two and one-half percent.

Last Action

substituted by s6138a

6/18/2014

Committee Referrals

Rules6/11/2014
Ways and Means6/3/2014
Corporations, Authorities and Commissions1/23/2014

Full Bill Text

No bill text available