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NY A09154
Bill
Status
10/17/2025
Primary Sponsor
Patrick Burke
Click for details
AI Summary
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Requires that when a municipal corporation acquires electric generation, transmission, or distribution infrastructure from a public utility or private energy provider, the appraised value must be reduced by the portion financed through customer user fees, ratepayer surcharges, or other non-investor-funded mechanisms
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Directs the Public Service Commission to determine, upon municipal request, the extent to which utility assets were funded by customers rather than investors
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Mandates the Public Service Commission to issue a report identifying the value of customer contributions and recommending a corresponding reduction in the acquisition price
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Amends Section 362 of the General Municipal Law governing how municipalities finance public utility services
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Takes effect immediately upon enactment
Legislative Description
Enacts the "municipal fair acquisition act", providing that in any acquisition by a municipal corporation of infrastructure operated by a public utility company or private energy provider, the appraised value shall be reduced by the value of infrastructure that was financed through customer user fees, ratepayer surcharges, or other non-investor-funded mechanisms as determined by the public service commission.
Last Action
referred to local governments
1/7/2026