New YorkA 67622025-2026 Regular SessionHouseWALLET

Ensures energy services companies are subject to the same consumer protection regulations regarding unclaimed deposits and refunds currently facing utility companies

Sponsored By: Carrie Woerner (Democratic)

Became Law

ENERGYRULESFINANCE

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Annual ESCO unclaimed money notices and payments

By September 1 each year, ESCOs must publish a notice of unclaimed property and say where to see a list. They must keep a list of names open to the public at their main office where payment is due, and file an affidavit with the State Comptroller by September 10. By October 10, they must send the Comptroller all amounts deemed abandoned as of July 1, plus a true, detailed report. Reports list names, last known addresses, amounts, key dates, and other details the Comptroller requires. This helps you find and claim any money owed.

Unclaimed ESCO deposits and refunds go to state

The law treats energy service companies like utilities for unclaimed money. Your deposit, prepaid amount, or ordered refund is abandoned after two years. The two years runs from when service ends (or the later end if service restarted) or from when a refund became payable. The State Comptroller takes custody, and you can file a claim to get the money back.

Sponsors & Cosponsors

Sponsor

Carrie Woerner
Democratic • House

Cosponsors

Angelo Santabarbara
Democratic • House
Jonathan Jacobson
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 60 • No: 0

House vote • 4/30/2025

FLOOR Vote