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NY A10422
Bill
Status
3/5/2026
Primary Sponsor
Edward Braunstein
Click for details
AI Summary
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Requires the Public Service Commission to return all sanctions and civil penalties collected from utilities directly to ratepayers via bill credits within 90 days or as soon as practically feasible
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Redirects penalty funds that currently go to the state general fund to instead benefit the ratepayers who were harmed by utility violations
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Amends existing law that gave the commission discretion in how to remit funds to ratepayers, now mandating the specific method of direct bill credits
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Takes effect 120 days after becoming law, with immediate authorization for the commission to begin developing implementing regulations
Legislative Description
Requires that any sanction or civil penalty imposed by the public service commission be returned to the rate payers by means of a direct bill credit, as soon as practically feasible or no later than ninety days.
Last Action
referred to corporations, authorities and commissions
3/5/2026