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NY A09441
Bill
Status
2/13/2026
Primary Sponsor
Jonathan Jacobson
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AI Summary
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Requires utilities proposing major rate changes to provide detailed descriptions of each proposed capital expenditure on a per-project basis as a separate and distinct part of their filing
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Mandates disclosure of specific information for each capital expenditure including: purpose and need, total cost, expected period of usefulness, location in service territory, rationale for inclusion, and anticipated benefits to ratepayers and distribution system operations
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Requires all capital expenditure descriptions to be posted on the Public Service Commission's website
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Places the burden of proof on utilities to demonstrate that rate changes related to each capital expenditure are just and reasonable
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Takes effect on the same date as the 2025 law (S. 8213/A. 2736-A) regarding consideration of capital expenditures in utility rate proceedings
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 on a per project basis and shall include the purpose and the need for each capital expenditure, total cost, and benefits to the ratepayers and the operation of the distribution system, and shall be posted on the PSC website.
Last Action
signed chap.10
2/13/2026