Loading chat...
NY A02736
Bill
Status
12/12/2025
Primary Sponsor
Jonathan Jacobson
Click for details
AI Summary
-
Requires utilities to describe any proposed capital expenditure in rate proceedings, including the project's purpose, total cost, expected useful life, location, rationale for inclusion, and anticipated benefits to ratepayers
-
Mandates that anticipated ratepayer benefits be measured by lower costs and/or other benefits as determined by the Public Service Commission
-
Requires project descriptions to be posted on the Public Service Commission's website
-
Places the burden of proof on utilities to demonstrate that rate changes related to each capital expenditure are just and reasonable
-
Takes effect immediately but does not apply to rate change proceedings already initiated before the effective date
Legislative Description
Requires that any proposed capital expenditure to be considered in any matter affecting a major change in rates must be described by the utility and shall include the purpose, cost, and benefits to the ratepayers and shall be posted on the PSC website.
Last Action
approval memo.17
12/12/2025