Requires legislative approval of any utility rate or charge increase approved by the public service commission; provides that the legislature can approve, modify or rescind any rate or charge increase approved by the commission by concurrent resolution; provides that the legislature can review any rate or charge increase approved in the prior 12 months.
STATE OF NEW YORK
________________________________________________________________________
9342
IN SENATE
March 3, 2026
___________
Introduced by Sen. GRIFFO -- 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 requiring legis-
lative approval of any utility rate or charge increase approved by the
public service commission
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 (n) to read as follows:
3 (n) No increase in any rate or charge proposed by a utility and
4 approved by the commission shall be effective unless such increase is
5 reviewed and approved by the legislature by concurrent resolution. The
6 commission shall notify the governor, the temporary president of the
7 senate, the speaker of the assembly and the public within twenty-four
8 hours of approving the increase of any rate or charge by a utility. The
9 legislature shall have sixty days from the date of such notice to review
10 such increase and to approve, modify or rescind such increase by concur-
11 rent resolution. The legislature may review and modify any rate or
12 charge increase approved by the commission in the twelve months prior to
13 the effective date of this paragraph.
14 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13640-02-6
