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NY S01258
Bill
Status
1/9/2015
Primary Sponsor
Jack Martins
Click for details
AI Summary
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Requires payment to authorized payment agents to be treated as payment to the utility on the date received by the agent, with no penalties if paid by the designated due date.
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Prohibits any party from collecting and remitting payments for more than 20 residential electric service units without a written contract with the electric corporation.
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Mandates electric corporations to submit contracts to the Public Service Commission for approval when an authorized payment agent will hold more than $50,000 in customer payments at any one time.
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Requires the Public Service Commission to approve payment agent contracts only if the agent is deemed credit-worthy to handle the foreseeable indebtedness to the electric corporation, with or without additional security.
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Exempts family members, volunteer caregivers, and personal business managers from the written contract requirement when appointed by individuals to pay their own utility bills.
Legislative Description
Makes provisions regarding the payment of utility bills to authorized payment agencies providing that such payment shall be deemed to be a payment to the utility on the date of payment to the agent, requiring written contracts between a utility and its payment agent and review of such contracts by the public service commission.
Last Action
COMMITTED TO RULES
6/17/2016