New York 2025-2026 Regular Session

New York Senate Bill S08764

Introduced
1/8/26  

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 implications of S08764 are substantial for state laws governing utilities. By requiring utilities to provide comprehensive details about their capital expenditures, the bill aims to foster greater accountability and informed decision-making by the Public Service Commission. It shifts the burden of proof to the utilities to demonstrate that their proposed changes in rates based on capital expenditures are just and reasonable. This change may result in a more scrutinized and informed regulatory process, potentially benefiting consumers in the long run.

Summary

Bill S08764 proposes significant amendments to the public service law, specifically addressing how utilities must disclose capital expenditures when proposing major rate changes. This bill mandates that utilities provide a detailed description of each capital expenditure on a per-project basis. These descriptions are required to include several key components such as the purpose and need for the expenditures, total cost, expected usefulness, project location, and anticipated benefits to ratepayers. Additionally, this information must be publicly available on the Public Service Commission's website, enhancing transparency in utility operations.

Contention

Discussion surrounding the bill may involve concerns regarding its impact on utility business practices and financial planning. Some stakeholders may argue that the bill imposes excessive requirements on utilities that could hinder their operational flexibility. Conversely, advocates for consumer protection may support the enhanced transparency measures, believing they protect consumers from unjustifiable rate increases. Ultimately, the balance between regulatory oversight and operational adaptability will likely be a focus of any legislative debate over this bill.

Companion Bills

NY A09441

Same As 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.

Previously Filed As

NY A09441

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.

NY A02736

Requires that any proposed capital expenditure to be considered in any matter affecting a major change in rates must be described by the utility and shall include the purpose, cost, and benefits to the ratepayers and shall be posted on the PSC website.

NY S08213

Requires that any proposed capital expenditure to be considered in any matter affecting a major change in rates must be described by the utility and shall include the purpose, cost, and benefits to the ratepayers and shall be posted on the PSC website.

NY A09649

Exempts certain utilities from special franchise assessments in New York city; requires that any reduction in special franchise taxes imposed on ConEd and National Grid shall be passed-through to rates charged to its ratepayers so that the full economic benefit of such reduction accrues to their ratepayers.

NY S09433

Requires a gas and electric corporation to disclose certain information with an application for a major rate change; requires information relating to dividends paid to shareholders, capital investments, policy expenditures, commodity supply costs, and other costs not within control of the applicant; requires an inflation-indexed proposal and prohibits exceeding inflation unless the gas and electric corporation is unable to maintain the same level of operating expenses, capital expenditures, programmatic or policy expenditures without jeopardizing safety, reliability, energy affordability programs, energy efficiency programs, and cost-effective electrification upgrades.

NY A09224

Authorizes the New York State Energy Research and Development Authority to loan money to utility companies for purposes of capital expenditures; authorizes the issuance of bonds.

NY S747

Requires report of societal benefits charge revenues and expenditures to be included in the Governor's annual budget message.

NY S01634

Requires health care plans and payors to have a minimum of twelve and one-half percent of their total expenditures on physical and mental health annually be for primary care services.

NY S08815

Relates to requiring that the annual report from the division of minority and women's business development contain information on the annual minority and women-owned business enterprise utilization and expenditure categorized by minority-owned enterprises, women-owned enterprises, and total utilization and expenditure, and be organized by certain industry categories.

NY A09455

Relates to requiring that the annual report from the division of minority and women's business development contain information on the annual minority and women-owned business enterprise utilization and expenditure categorized by minority-owned enterprises, women-owned enterprises, and total utilization and expenditure, and be organized by certain industry categories.

Similar Bills

No similar bills found.