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New York Assembly Bill A02400
New York 2025-2026 Regular Session
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New York 2025-2026 Regular Session

New York Assembly Bill A02400

Introduced
1/16/25  
Refer
1/16/25  
Refer
1/7/26  
Report Pass
4/21/26  
Engrossed
4/27/26  

Caption

Requires consideration of evidence relating to the economic impact of major increases of rates or charges upon consumers and the areas affected by such increases of rates or charges prior to approval of any such rates or charges; establishes minimum data to be considered by the public service commission relating to such economic impact.

Impact

Should A02400 be enacted, it would significantly alter the way rate increases are assessed by the public service commission. The commission would be required to evaluate various factors, including unemployment levels, income statistics, social services assistance recipients, and changes in the average monthly utility bill for affected consumer classes. These assessments are intended to provide a comprehensive understanding of how rate increases would influence economic conditions in specific communities, thereby enhancing consumer protection.

Summary

Bill A02400 seeks to amend the public service law in New York by requiring the public service commission to consider the economic impact of major increases in utility rates and charges on consumers before approving such increases. The bill defines a 'major increase' as any rise in rates that would boost a utility's revenues by more than $300,000 or 2.5%. This legislative measure aims to ensure that both public utility companies and municipalities provide evidence regarding the financial burden their proposed rate increases might impose on consumers in their respective service areas.

Contention

Points of contention surrounding the bill may include concerns about the feasibility and fairness of the proposed economic assessments. Utility companies might argue that additional requirements for detailed economic analysis could delay necessary rate adjustments and lead to increased administrative burdens. Conversely, advocates for consumer rights and economic justice may support the bill, emphasizing the need for such analyses to protect vulnerable populations from excessive rate hikes, particularly in economically distressed areas.

Companion Bills

NY S01847

Same As Requires consideration of evidence relating to the economic impact of major increases of rates or charges upon consumers and the areas affected by such increases of rates or charges prior to approval of any such rates or charges; establishes minimum data to be considered by the public service commission relating to such economic impact.

Previously Filed As

NY S01847

Requires consideration of evidence relating to the economic impact of major increases of rates or charges upon consumers and the areas affected by such increases of rates or charges prior to approval of any such rates or charges; establishes minimum data to be considered by the public service commission relating to such economic impact.

NY A11229

Increases utility rate increase transparency for consumers by requiring additional information be made accessible to the public regarding fuel cost increases and increases in rates or charges.

NY S08947

Increases utility rate increase transparency for consumers by requiring additional information be made accessible to the public regarding fuel cost increases and increases in rates or charges.

NY A09032

Requires legislative approval of any utility rate or charge increase approved by the public service commission; provides that the legislature can approve, modify or rescind any rate or charge increase approved by the commission by concurrent resolution; provides that the legislature can review any rate or charge increase approved in the prior 12 months.

NY S09342

Requires legislative approval of any utility rate or charge increase approved by the public service commission; provides that the legislature can approve, modify or rescind any rate or charge increase approved by the commission by concurrent resolution; provides that the legislature can review any rate or charge increase approved in the prior 12 months.

NY A02740

Provides that whenever the public service commission denies a request by a utility for a major change in rates or charges, the schedule, rate, charge, form of contract or agreement, rule, regulation, general privilege, facility, or service immediately in effect prior to such request shall remain in full force and effect until such time as the commission approves a new rate, charge.

NY S08491

Provides that whenever the public service commission denies a request by a utility for a major change in rates or charges, the schedule, rate, charge, form of contract or agreement, rule, regulation, general privilege, facility, or service immediately in effect prior to such request shall remain in full force and effect until such time as the commission approves a new rate, charge.

NY S10214

Requires the public service commission to post a written summary of the actions taken by the commission or department upon approval of a major change in rates to promote ratepayer affordability and minimizing residential energy burden.

NY A11021

Requires the public service commission to post a written summary of the actions taken by the commission or department upon approval of a major change in rates to promote ratepayer affordability and minimizing residential energy burden.

NY S07869

Requires respective changes to service and delivery charges for gas or electric service to be included in the information regarding average proposed rate changes required to be published by the public service commission in certain instances.

Similar Bills

No similar bills found.