New York A01028 mandates electric, gas, steam, and water corporations to adopt the common equity ratio and rate of return on equity set by the Public.

New York A01028 amends the public service law to require electric, gas, steam, and water corporations to adopt the common equity ratio and rate of return on equity authorized by the Public Service Commission. Utilities must adopt these rates unless they can demonstrate that the authorized rates do not meet their capital and/or operating needs. The Public Service Commission is tasked with setting a fair and reasonable authorized common equity ratio and rate of return on equity based on a generic financing methodology.

New York A01028 mandates electric, gas, steam, and water corporations to adopt the common equity ratio and rate of return on equity set by the Public.

New York A01028 amends the public service law to require electric, gas, steam, and water corporations to adopt the common equity ratio and rate of return on equity authorized by the Public Service Commission. Utilities must adopt these rates unless they can demonstrate that the authorized rates do not meet their capital and/or operating needs. The Public Service Commission is tasked with setting a fair and reasonable authorized common equity ratio and rate of return on equity based on a generic financing methodology.