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S05553 Summary:

BILL NOS05553
 
SAME ASSAME AS A05442
 
SPONSORCOMRIE
 
COSPNSR
 
MLTSPNSR
 
Amd §66, Pub Serv L
 
Enacts the "rate hike notice act" which requires utilities in the state of New York to provide notice of a proposed rate hike to a customer via text, email and via such customer's monthly billing statement.
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S05553 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5553
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    February 24, 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 enacting the
          "rate hike notice act"
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Short  title. This act shall be known and may be cited as
     2  the "rate hike notice act".
     3    § 2. Subdivision 12 of section 66 of the public service law is amended
     4  by adding a new paragraph (m) to read as follows:
     5    (m) Within one business day of  the  publication  of  the  information
     6  required  pursuant  to paragraph (l) of this subdivision, the commission
     7  shall require each utility to send electronic notice of a proposed  rate
     8  increase  via  text  to  all  customers  for  whom such utility contacts
     9  through text. The text shall inform such customer that such  utility  is
    10  proposing a rate increase in the customer's service area which shall use
    11  the  following text: "As required by New York's rate hike notice act, we
    12  are writing to inform you that (insert utility name) is proposing a rate
    13  increase of (insert  percent  increase)  for  gas  and  (insert  percent
    14  increase)  for  electricity  for  the typical residential customer and a
    15  rate increase of (insert percent increase) for gas and  (insert  percent
    16  increase)  for electricity for the typical commercial customer. For more
    17  information check your email or your next mailed bill.". If the  utility
    18  is proposing a rate increase for only gas or electric rates, such utili-
    19  ty  in its text message shall include language relating only to the type
    20  of utility involved in the rate case. Further, within one  business  day
    21  of the publication of the information required pursuant to paragraph (l)
    22  of  this  subdivision, the commission shall also require each utility to
    23  send electronic notice of a proposed rate  increase  via  email  to  all
    24  customers  for  whom  such utility contacts through email and such email
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04975-03-5

        S. 5553                             2
 
     1  notice shall include information identical to the  information  provided
     2  on  the  commission's website pursuant to paragraph (l) of this subdivi-
     3  sion. In addition, each utility shall include a  notice  of  a  proposed
     4  rate  increase  in  each customer's next monthly bill statement and such
     5  notice in the monthly billing statement shall consist of a separate page
     6  which shall include information identical to the information provided on
     7  the commission's website pursuant to paragraph (l) of this subdivision.
     8    § 3. This act shall take effect on the sixtieth  day  after  it  shall
     9  have become a law. Effective immediately, the addition, amendment and/or
    10  repeal  of  any  rule  or regulation necessary for the implementation of
    11  this act on its effective date are authorized to be made  and  completed
    12  on or before such effective date.
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