Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
2736--A
2025-2026 Regular Sessions
I N A S S E M B L Y
January 22, 2025
___________
Introduced by M. of A. JACOBSON -- read once and referred to the Commit-
tee on Energy -- committee discharged, bill amended, ordered reprinted
as amended and recommitted to said committee
AN ACT to amend the public service law, in relation to consideration of
capital expenditures in utility rate proceedings
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 12 of section 66 of the public service law is
amended by adding a new paragraph (m) to read as follows:
(M) ANY PROPOSED CAPITAL EXPENDITURE TO BE CONSIDERED IN ANY MATTER
AFFECTING A MAJOR CHANGE IN RATES MUST BE DESCRIBED, WHICH SHALL INCLUDE
BUT NOT BE LIMITED TO, THE: (I) PURPOSE OF THE PROPOSED PROJECT, (II)
TOTAL COST, (III) EXPECTED PERIOD OF USEFULNESS, (IV) LOCATION IN THE
SERVICE TERRITORY, (V) RATIONALE FOR INCLUSION IN THE PROCEEDING, AND
(VI) ANTICIPATED BENEFITS TO RATEPAYERS, MEASURED BY LOWER COSTS TO
RATEPAYERS AND/OR OTHER BENEFITS AS DETERMINED BY THE COMMISSION. SUCH
DESCRIPTIONS OF PROJECTS SHALL BE POSTED ON THE COMMISSION'S WEBSITE.
PURSUANT TO PARAGRAPH (I) OF THIS SUBDIVISION, THE BURDEN OF PROOF TO
SHOW THAT A CHANGE IN RATES RELATED TO EACH CAPITAL EXPENDITURE IS JUST
AND REASONABLE SHALL BE ON THE UTILITY.
§ 2. This act shall take effect immediately; provided however, this
act shall not apply to any matters involving a change in rates before
the Public Service Commission which were initiated prior to such effec-
tive date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05485-02-5Every fact on this page links to its source, starting with the official bill record.