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NY A10042

Bill

Status

Introduced

1/30/2026

Primary Sponsor

Maryjane Shimsky

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Prohibits electric corporations, gas corporations, and utilities from passing along costs to ratepayers resulting from legal or regulatory proceedings against the company
  • Covered costs include settlements, attorneys' fees, penalties, fines, and other legal costs incurred by the utility
  • Applies to charges for electricity, natural gas, and any associated goods and services
  • Amends Section 66 of the New York Public Service Law by adding a new subdivision 33
  • Takes effect 60 days after becoming law, with immediate authorization for regulatory implementation

Legislative Description

Prohibits electric corporations and gas corporations from passing along costs or increasing charges to ratepayers as a result of increased costs incurred due to legal or regulatory proceedings against such electric corporation, gas corporation, or utility, including settlements, attorneys' fees, penalties, fines or costs.

Last Action

referred to energy

1/30/2026

Committee Referrals

Energy1/30/2026

Full Bill Text

No bill text available