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NY A10976
Bill
Status
9/9/2020
Primary Sponsor
Fred Thiele
Click for details
AI Summary
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Public utility corporations and service providers with gross annual operating revenue exceeding $1 million must file annual compensation statements with the Department of Public Service by October 31st each year.
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Compensation statements must disclose names, titles, duties, and compensation for all executive officers including presidents, secretaries, treasurers, vice presidents of principal business units, and any person performing policy-making functions.
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Statements must also list names, titles, duties, and compensation for all other employees earning $125,000 or more annually who are not executive officers.
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Utilities must disclose the proportion of disclosed compensation that is paid directly or indirectly by ratepayers.
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Public utilities must provide compensation statements for the six years preceding the effective date, and all statements must be made publicly available on the Department of Public Service's website.
Legislative Description
Requires a compensation statement to be filed annually with the public service commission by any public utility corporation or service provider with a gross annual operating revenue of more than one million dollars.
Last Action
referred to corporations, authorities and commissions
9/9/2020