Relates to consideration of capital expenditures in rate proceedings

Utility customers get clearer project costs

When a New York utility seeks a major rate change, its filing must separately describe each proposed capital project. Each description must explain the project's purpose, need, total cost, expected useful life, and location within the service area. It must also explain why the project belongs in the rate case and its expected benefits for customers and the distribution system. The Public Service Commission must post these details on its website. Utilities must prove that rate changes tied to each project are fair and reasonable. The law leaves the commission's existing powers intact and does not directly change utility bills. It takes effect alongside the related 2025 utility capital-spending amendment, S.8213/A.2736-A.