Loading chat...
NY A10221
Bill
Status
6/4/2024
Primary Sponsor
Carrie Woerner
Click for details
AI Summary
-
Adds "energy services company" (ESCO) to the definition of utility services providers covered under New York's abandoned property law.
-
Expands the scope of unclaimed deposits and advance payments held by utilities to include deposits made to ESCOs for energy services furnished through utility transmission or distribution systems.
-
Requires ESCOs to publish annual notices of unclaimed property, report abandoned property to the state comptroller by September 10th, and maintain lists of entitled persons.
-
Applies existing abandoned property procedures to ESCOs, including the two-year period after service termination for deposits and advance payments to be deemed abandoned.
-
Takes effect immediately upon enactment.
Legislative Description
Includes energy services companies as utilities for purposes of unclaimed deposits and refunds.
Last Action
RECOMMITTED TO RULES
6/7/2024