NY A02692

Gas corporations must file a plan with the Public Service Commission by October 31, 2024 to address aging or leaking pipelines in their service territory for public safety and to reduce lost and unaccounted for gas.

Plans must include replacement of non-cathodically protected steel, cast iron, wrought iron, and other leak-prone materials in mains, service lines, and metering sets, with completion timelines targeting removal of all leak-prone pipeline within 20 years or a reasonable alternative end date.

The commission shall review filed plans within six months and may approve them in whole or in part; approved plans take effect May 1 of the following year and allow gas corporations to recover project costs through a rate mechanism.

Annual revenue requirement recovery for eligible infrastructure replacement cannot exceed 1.5 percent of the gas corporation's total firm revenues, with excess amounts deferred to the following year.

Gas corporations must file annual project documentation by May 1 demonstrating compliance with approved plans; the commission may disallow unreasonable, imprudent, or non-compliant costs and require refunds to customers with carrying charges.