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NY S03734
Bill
Status
6/12/2025
Primary Sponsor
Shelley Mayer
Click for details
AI Summary
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Prohibits the Public Service Commission from approving utility rate increases that pass on more than $100,000 in costs associated with rate proceedings, including attorneys' fees, expert witnesses, consultants, and employee salaries related to those proceedings
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Caps recoverable compensation for utility management employees at the current salary of the Governor of New York, unless the utility proves by a preponderance of evidence that higher compensation is necessary for safe and reliable system operation
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Applies to direct and indirect costs of attendance, participation, preparation, and appeals related to rate proceedings before the commission
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Takes effect 180 days after becoming law
Legislative Description
Authorizes and directs the public service commission to establish rules to limit a utility's ability to recover its direct or indirect costs associated with its attendance in, participation in, preparation for, or appeal of any rate proceeding conducted before the commission.
Last Action
ADVANCED TO THIRD READING
2/26/2026