New YorkA 27362025-2026 Regular SessionHouseWALLET

Relates to consideration of capital expenditures in rate proceedings

Sponsored By: Jonathan Jacobson (Democratic)

Became Law

ENERGYRULESENERGY AND TELECOMMUNICATIONS

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Stronger checks on utility rate hikes

In any case with a major change in rates, utilities must spell out each capital project. They must list the purpose, total cost, expected useful life, where it is in the service area, why it is included, and how it benefits customers. These project details are posted on the Public Service Commission’s website. Utilities must prove any rate change tied to each project is just and reasonable. The law takes effect now and does not apply to cases that started before the effective date.

Sponsors & Cosponsors

Sponsor

Jonathan Jacobson
Democratic • House

Cosponsors

Angelo Santabarbara
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 60 • No: 0

House vote • 6/5/2025

FLOOR Vote