Prohibits electric corporations and gas corporations from passing along costs or increasing charges to ratepayers as a result of increased costs incurred due to the building or operation of a data center except to those ratepayers involved with or associated with the building or operation of such data center or semiconductor fabrication plant.
Impact
If passed, the implications of A09064 would be significant for both consumers and utility companies. It intends to shield the general public from potential financial burdens associated with the rapid growth of technology infrastructure in New York. The bill is positioned as a response to the increasing number of data centers and semiconductor plants being established, which often require substantial investments in energy and resources. By redistributing these charges exclusively to specific ratepayers connected to these entities, the bill seeks to maintain fairness within the utility pricing structure.
Summary
Bill A09064 seeks to amend public service law in New York by prohibiting electric and gas corporations from passing along costs to ratepayers associated with the construction or operation of data centers and semiconductor fabrication plants. This legislation aims to protect regular consumers from increased utility bills that may arise due to the infrastructure or operational costs incurred by corporations involved in these tech sectors. The bill takes a clear stance on corporate accountability and consumer protection, ensuring that only those directly involved with or benefiting from these facilities will bear any increased charges.
Contention
However, the bill could face scrutiny from various stakeholders. Critics may argue that it doesn't address broader systemic issues related to utility pricing and infrastructure development. Companies might express concern over how the law sets a precedent for limiting their ability to recover costs through general rates. Additionally, there are questions about enforcement and the definition of what it means to be a ratepayer 'involved with or associated with' the construction or operation of these facilities, which could lead to ambiguities and challenges in implementation.
Same As
Prohibits electric corporations and gas corporations from passing along costs or increasing charges to ratepayers as a result of increased costs incurred due to the building or operation of a data center except to those ratepayers involved with or associated with the building or operation of such data center or semiconductor fabrication plant.
Prohibits electric corporations and gas corporations from passing along costs or increasing charges to ratepayers as a result of increased costs incurred due to the building or operation of a data center except to those ratepayers involved with or associated with the building or operation of such data center or semiconductor fabrication plant.
Prohibits electric corporations and gas corporations from passing along costs or increasing charges to ratepayers as a result of increased costs incurred due to legal or regulatory proceedings against such electric corporation, gas corporation, or utility, including settlements, attorneys' fees, penalties, fines or costs.
Prohibits gas and electric corporations from recovering labor-related legal costs or workers' compensation loss adjustment expenses from ratepayers through rates, charges, surcharges, adjustment mechanisms, riders, or reconciliation mechanisms; defines labor-related legal activity.
Prohibits gas and electric corporations from recovering labor-related legal costs or workers' compensation loss adjustment expenses from ratepayers through rates, charges, surcharges, adjustment mechanisms, riders, or reconciliation mechanisms; defines labor-related legal activity.
Prohibits the public service commission authority to order collection of charges from ratepayers for greenhouse gas reduction unrelated to the electric grid.
Requires certain investor-owned gas or electric corporations to refund ratepayers when their achieved return on equity exceeds authorized rates of return by fifty percent.
Enacts the "ratepayer transparency act" which requires bills utilized by public and private gas corporations, electric corporations and gas and electric corporations in levying charges for service to include separate categories for certain charges.