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Bill No.: Summary Actions Committee&nbspVotes Floor&nbspVotes Memo Text LFIN Chamber&nbspVideo/Transcript S01847 Summary: BILL NO S01847A &nbsp SAME AS SAME AS A02400-A

&nbsp SPONSOR COMRIE &nbsp COSPNSR ADDABBO, BROUK, FERNANDEZ, GALLIVAN, MARTINS, MAY, OBERACKER, PALUMBO, RHOADS, ROLISON, SCARCELLA-SPANTON, WEBB &nbsp MLTSPNSR &nbsp Add §119-f, Pub Serv L &nbsp Requires consideration of evidence relating to the economic impact of major increases of rates or charges upon consumers and the areas affected by such increases of rates or charges prior to approval of any such rates or charges; establishes minimum data to be considered by the public service commission relating to such economic impact.

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STATE OF NEW YORK ________________________________________________________________________

1847--A Cal. No. 141

2025-2026 Regular Sessions

IN SENATE

January 14, 2025 ___________

Introduced by Sens. COMRIE, BROUK, FERNANDEZ, GALLIVAN, MARTINS, MAY, OBERACKER, PALUMBO, RHOADS, SCARCELLA-SPANTON, WEBB -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommunications -- recommitted to the Committee on Ener- gy and Telecommunications in accordance with Senate Rule 6, sec. 8 -- reported favorably from said committee and committed to the Committee on Rules -- reported favorably from said committee, ordered to a third reading, passed by Senate and delivered to the Assembly, recalled, vote reconsidered, restored to third reading, amended and ordered reprinted, retaining its place in the order of third reading

AN ACT to amend the public service law, in relation to requiring evidence and consideration of the economic impact of utility rates and charges 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. The public service law is amended by adding a new section 2 119-f to read as follows: 3 § 119-f. Economic impact assessment. 1. Prior to approving any major 4 increase in rates or charges proposed by a public utility company or 5 municipality, the commission shall consider the economic impact of any 6 such proposed increase in the rates or charges upon consumers in the 7 area served by the company or municipality proposing such increase. Such 8 consideration shall be in relation to any determination made by the 9 commission under subdivision one of section sixty-five, subdivision one 10 of section seventy-nine, subdivision one of section eighty-nine-b, and 11 subdivision one of section ninety-one of this chapter. For purposes of 12 this subdivision, "major increase" shall mean an increase in the rates 13 and charges which would increase the aggregate revenues of the applicant 14 more than the greater of three hundred thousand dollars or two and one- 15 half percent.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02234-03-6

S. 1847--A 2

1 2. In assessing economic impact the commission shall, with respect to 2 each public utility company or municipality's service territory and 3 customers, consider, at a minimum: 4 a. unemployment data, income information and the number of persons 5 receiving social services assistance; 6 b. the average monthly utility bill for each class of customers who 7 would be affected by an increased rate or charge and the estimated 8 increased utility bill for each such class of customers; and 9 c. the latest federal bureau of labor statistics' consumer price index 10 figures indicating the average cost of living and the average cost of 11 fuel and utilities for the nation and, if possible for the state or the 12 service territory affected by such increased rate or charge. 13 § 2. This act shall take effect immediately and shall apply to each 14 request for increased rates or charges submitted on or after the effec- 15 tive date of this act.

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