NY A01126

Requires both houses of the New York State Legislature to approve any utility rate or charge increases by majority vote before they can take effect

Mandates utilities submit a written report to the legislature at least 180 days before any proposed fee, rental, or service charge increase is scheduled to take effect

Requires utility reports to include justification for proposed increases and information on the utility's current financial condition

Authorizes the legislature to request any additional data or information it deems necessary to evaluate proposed rate increases

Empowers the legislature or its committees to block rate increases if they determine the increases are not necessary to cover the utility's service provision expenses, including infrastructure maintenance and operation