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NY S06138
Bill
Status
12/17/2014
Primary Sponsor
George Maziarz
Click for details
AI Summary
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Increases the threshold for "major changes" in telephone company rate schedules from $300,000 to $500,000 or 2.5% of aggregate revenues (whichever is greater)
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Allows the Public Service Commission to hold hearings and/or provide statements for rate increases between $300,000 and $500,000 that previously would have been classified as "major changes"
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Exempts from these requirements any rate changes already approved by the Commission or made pursuant to a Commission order following public notice hearings
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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
SIGNED CHAP.517
12/17/2014