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S04429 Summary:

BILL NOS04429
 
SAME ASNo Same As
 
SPONSORCOMRIE
 
COSPNSR
 
MLTSPNSR
 
Add §73-b, Pub Serv L
 
Relates to mandating budget expenditures by gas and electric corporations to improve power outage response and to stormproof power lines.
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S04429 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4429
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    February 4, 2025
                                       ___________
 
        Introduced  by  Sen.  COMRIE -- 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 mandating budget
          expenditures by gas and electric corporations to improve power  outage
          response and to stormproof power lines

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. The public service law is amended by adding a  new  section
     2  73-b to read as follows:
     3    § 73-b. Mandatory budget expenditures to improve power outage response
     4  and  to  stormproof power lines. 1. For the year two thousand twenty-six
     5  and every year thereafter, every gas  corporation  and  electric  corpo-
     6  ration in this state shall dedicate and use forty percent of its operat-
     7  ing  budget  for the purpose of improving such corporation's response to
     8  power outages and storm related damage. Such budget  expenditures  shall
     9  be  used specifically for: (a) infrastructure hardening; (b) storm resi-
    10  lience; (c) improving response time to power outages and  storm  related
    11  damage, and the effectiveness of such response; (d) removing power lines
    12  from  trees;  and  (e)  removing trees and tree limbs in the vicinity of
    13  power lines.   The objective of such budget  expenditures  shall  be  to
    14  stormproof  power  lines  throughout  the  state to reduce the number of
    15  power outages and storm related damage in this state.
    16    2. On or before April first, two thousand twenty-six and on or  before
    17  every  July  first, October first, January first and April first, there-
    18  after, every gas corporation and  electric  corporation  in  this  state
    19  shall  file a report with the commission setting forth documentation, as
    20  determined by the commissioner, necessary to substantiate its compliance
    21  with the provisions of subdivision one of this section.
    22    3. Any application  by  a  gas  corporation  or  electric  corporation
    23  submitted  to the commission to increase any rate charged to its custom-
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05809-01-5

        S. 4429                             2
 
     1  ers shall include documentation,  as  determined  by  the  commissioner,
     2  necessary to substantiate its compliance with the provisions of subdivi-
     3  sion one of this section.
     4    § 2. This act shall take effect immediately.
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