S 9474 NY

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Bill No.: Summary Actions Committee&nbspVotes Floor&nbspVotes Memo Text LFIN Chamber&nbspVideo/Transcript S09474 Summary: BILL NO S09474A &nbsp SAME AS SAME AS A10534-A

&nbsp SPONSOR PARKER &nbsp COSPNSR &nbsp MLTSPNSR &nbsp Add §27-a, Pub Serv L &nbsp Establishes a standardized rate application template for utilities; provides that utilities have to provide certain information when filling out a standardized rate application.

Go to top S09474 Text:

STATE OF NEW YORK ________________________________________________________________________

9474--A

IN SENATE

March 16, 2026 ___________

Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee

AN ACT to amend the public service law, in relation to establishing a standardized rate application template

The People of the State of New York, represented in Senate and Assem- bly, do enact as follows:

1 Section 1. Legislative findings and intent. The legislature finds that 2 rate increase applications filed by gas and electric utilities before 3 the New York state public service commission vary widely in format, and 4 explanatory detail. This lack of uniformity impedes meaningful review 5 by regulators, intervenors, and the public, and makes comparison across 6 rate cases difficult. 7 The legislature therefore declares that it is in the public interest 8 to require standardized, transparent, and clearly explained rate 9 increase filings in order to promote accountability, comparability, and 10 informed decision making. 11 § 2. The public service law is amended by adding a new section 27-a to 12 read as follows: 13 § 27-a. Standardized utility rate case filings. 1. Definitions. For 14 the purposes of this section, the following terms shall have the follow- 15 ing meanings: 16 (a) "Rate filing" means any petition, filing, or submission seeking 17 approval of a major change in rates and charges as defined in subdivi- 18 sion twelve of section sixty-six of this chapter. 19 (b) "Utility" means any electric, gas, or steam corporation subject to 20 rate regulation pursuant to this chapter. 21 2. Standardized rate application template. (a) The commission shall, 22 by rule establish a standardized rate application template to be used by 23 all utilities making a rate filing. 24 (b) The standardized template shall require uniform presentation of 25 information, including, but not limited to:

EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15085-05-6

S. 9474--A 2

1 (i) an executive summary of the proposed rate increase and total 2 revenue request; 3 (ii) the projected bill impacts by customer class; 4 (iii) a detailed breakdown of operating expenses, capital expendi- 5 tures, and rate base components; 6 (iv) historical and forecasted test year data presented in a consist- 7 ent format; 8 (v) a side-by-side comparison of current rates and proposed rates; and 9 (vi) any additional schedules or exhibits the commission deems neces- 10 sary for complete review. 11 (c) All rate filings shall be submitted using the standardized 12 template, except those initiated pursuant to section seventy-one or 13 seventy-two of this chapter. 14 3. Explanation of calculations and assumptions. (a) Each rate filing 15 made by a utility shall include a clear and comprehensive explanation of 16 all calculations used for key elements of the rate filing including but 17 not limited to: 18 (i) revenue requirement calculations; 19 (ii) cost of capital calculations; 20 (iii) depreciation, amortization, and plant-in-service calculations; 21 (iv) allocation of costs among customer classes; and 22 (v) forecasting assumptions used in test year analyses. 23 (b) Comprehensive explanations shall include: 24 (i) identification of all formulas and mathematical methodologies 25 employed; 26 (ii) the source of all data inputs; 27 (iii) all material assumptions underlying forecasts and projections; 28 and 29 (iv)_an explanation of any changes from methodologies or assumptions 30 used in the utility's prior rate case. 31 (c) Supporting schedules and workpapers shall be provided in a format, 32 prescribed by the commission, that allows department staff, intervenors, 33 and the public to replicate and verify the calculations. 34 4. Completeness review and enforcement. (a) The commission may deter- 35 mine that a rate filing is incomplete if it fails to comply with the 36 standardized template or methodology requirements established pursuant 37 to this section. 38 (b) The commission may reject, suspend, or require amendment of any 39 noncompliant filing until such deficiencies are cured. 40 5. Public availability. All rate filings, including explanatory mate- 41 rials and calculation workpapers, shall be made publicly available on 42 the department's website, subject to provisions governing confidential 43 or proprietary information. 44 6. Rulemaking authority. The commission is authorized to promulgate 45 rules and issue orders necessary to implement and enforce the provisions 46 of this section. 47 § 3. This act shall take effect one year after it shall have become a 48 law and shall apply to all rate applications filed on or after such 49 date.

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