New York Assembly Bill A09441

New York 2025-2026 Regular Session

• Introduced: 1/6/26
• Refer: 1/6/26
• Refer: 1/7/26
• Report Pass: 1/13/26
• Refer: 1/13/26
• Engrossed: 1/20/26
• Refer: 1/20/26
• Enrolled: 2/13/26
• Chaptered: 2/13/26
• Passed: 2/13/26

Caption

Requires that any proposed capital expenditure to be considered in any matter affecting a major change in rates must be described by the utility on a per project basis and shall include the purpose and the need for each capital expenditure, total cost, and benefits to the ratepayers and the operation of the distribution system, and shall be posted on the PSC website.

Impact

The enactment of A09441 is anticipated to have significant implications for the operational practices of utility companies in New York. By formalizing the requirement for detailed capital expenditure disclosures, the bill is intended to enhance accountability and transparency within the utility sector. It shifts the burden of proof onto utilities to justify their proposed rate changes related to capital expenditures, fostering a more scrutinized approach to utility investments. As a result, this bill could lead to more informed decisions by the Public Service Commission, thus potentially benefiting consumers through more equitable rate structures.

Summary

Bill A09441 seeks to amend the public service law in New York by requiring utilities proposing major changes in rates to disclose specific details about any proposed capital expenditures. These disclosures must be made on a per project basis and should include the purpose, need for the expenditure, total costs, expected utility periods, project locations, and the rationale for their inclusion in the rate proceeding. Additionally, anticipated benefits to ratepayers and the operation of the distribution system must also be detailed and posted publicly on the Public Service Commission's website. This push for transparency aims to give ratepayers and regulators a clearer understanding of how utility investments correspond to rate adjustments.

Contention

While proponents of A09441 argue that mandated disclosures will lead to better oversight and protect consumer interests, critics may raise concerns over the administrative burden this bill imposes on utilities. Some may argue that the necessity of providing extensive details could delay the rate change processes or complicate financial planning for utility providers. Furthermore, there might be discussions around the interpretation of what constitutes an adequate justification for capital expenditures, which could lead to disagreements between utility companies and the Public Service Commission regarding compliance with the new standards.