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NY A04324
Bill
Status
1/30/2015
Primary Sponsor
James Brennan
Click for details
AI Summary
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Caps electricity rates charged by landlords and other redistributors to non-residential tenants at the utility rate plus a maximum of 12 percent markup for metered premises.
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For unmetered premises, allows redistributors to charge tenants either based on a survey of estimated electricity usage plus 12 percent, or their proportionate share of the building's total electricity cost plus 12 percent.
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Requires electricity redistributors to provide tenants with clear written statements showing per-kilowatt-hour and per-kilowatt charges, utility rate schedules, and billing at least every 60 days.
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Establishes arbitration procedures for tenant disputes with mandatory review by arbitration firms; parties can appeal arbitration awards of $10,000 or more to court.
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Authorizes civil penalties of up to $1,000 or twice any overcharge for first violations, and up to $5,000 or three times any overcharge for subsequent violations within a five-year period.
Legislative Description
Regulates the cost of submetered electricity to nonresidential tenants; establishes tenant remedies in cases of violations; requires electricity redistributors to identify the rate or the basis of the charge for electricity sold to non-residential tenants, as well as the terms under which the method of calculation for such electricity charges may be subject to change.
Last Action
referred to energy
1/6/2016