NY A07502

Requires the Public Service Commission to annually establish a generic financing methodology using publicly available data to set a standardized authorized common equity ratio for each utility and a single authorized rate of return on equity (ROE) for all regulated utilities.

Mandates all regulated utilities (electric, gas, steam, and water corporations) adopt the Commission-set common equity ratio and ROE unless they can successfully rebut these standards through a public hearing process.

Implements a "true-up mechanism" requiring utilities to return to ratepayers any revenues exceeding the average monthly ROE as a surcredit, and recover shortfalls through a surcharge on customer bills.

Shifts the burden of proof to utilities seeking to deviate from Commission standards, requiring them to present documentary evidence that authorized ratios are insufficient for their operating needs, capital needs, financial integrity, or ability to attract capital at reasonable terms.

Requires the Commission to submit an annual public report to the governor and legislature detailing all authorized common equity ratios, ROEs, and methodology changes, written in clear, accessible language.