Relates to prohibiting the public service commission from approving a rate increase which allows a utility to recover its direct or indirect costs in excess of one hundred thousand dollars associated with its attendance in, participation in, preparation for, or appeal of any rate proceeding conducted before the commission, or employee or executive salaries in excess of the current salary of the governor of the state.
STATE OF NEW YORK
________________________________________________________________________
3734
2025-2026 Regular Sessions
IN SENATE
January 29, 2025
___________
Introduced by Sen. MAYER -- read twice and ordered printed, and when
printed to be committed to the Committee on Energy and Telecommuni-
cations
AN ACT to amend the public service law, in relation to prohibiting the
public service commission from approving a rate increase which allows
a utility to recover certain operating expenses
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 12 of section 66 of the public service law is
2 amended by adding a new paragraph (m) to read as follows:
3 (m) The commission shall not approve any rate increase which allows a
4 utility to recover the following operating expenses:
5 (i) its direct or indirect costs in excess of one hundred thousand
6 dollars associated with its attendance in, participation in, preparation
7 for, or appeal of any rate proceeding conducted before the commission.
8 Such costs shall include, but need not be limited to, attorneys' fees,
9 fees to engage expert witnesses or consultants, the portion of employee
10 salaries associated with such attendance, participation, preparation or
11 appeal of a rate proceeding and related costs identified by the commis-
12 sion; or
13 (ii) employee or executive salaries in excess of the current salary of
14 the governor of New York as provided for by a joint resolution of the
15 legislature at the time of the utility's initial filing with the commis-
16 sion.
17 § 2. This act shall take effect on the one hundred eightieth day after
18 it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07223-02-5
