NY S01721

Increases the general civil penalty for public utilities that knowingly fail to comply with public service law from $100,000 to $290,000 per offense, with each day of a continuing violation counted as a separate offense

Raises the penalty for safety violations that cause death or personal injury from $250,000 to $720,000 per offense

Increases penalties for violations affecting electric service reliability and continuity from $500,000 to $1,450,000 per offense

Creates a new $500,000 penalty for combination gas and electric corporations that fail to satisfy their duty of candor with the public

Establishes automatic annual inflation adjustments for all penalty amounts beginning January 1, 2027, based on changes in the consumer price index