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NY A10423
Bill
Status
3/5/2026
Primary Sponsor
Edward Braunstein
Click for details
AI Summary
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Gas, electric, combination gas/electric, water-works corporations, and the Long Island Power Authority must return financial penalties or negative revenue adjustments to ratepayers as direct bill credits when they fail to meet annual customer service performance targets
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Bill credits must be issued "as soon as practically feasible" after penalties are assessed, with utilities required to provide relevant credit information to the Public Service Commission
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Annual reports must be submitted to the governor, state comptroller, senate president, and assembly speaker detailing the time between penalty assessment and ratepayer reimbursement, plus relief amounts by service class
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Long Island Power Authority must additionally report to Nassau and Suffolk county executives and governing bodies
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Takes effect 120 days after becoming law, with regulatory agencies authorized to begin implementing rules immediately upon passage
Legislative Description
Enacts the "utility penalty and customer bill relief act"; requires every gas corporation, electric corporation, combination gas and electric corporation, water-works corporation and the Long Island power authority which fails to achieve annual customer service performance targets in a particular year, which are subject to financial penalties or negative revenue adjustments to return such penalties or adjustments to rate payers as a direct bill credit.
Last Action
referred to corporations, authorities and commissions
3/5/2026