New York A01299 amends the public service law to increase civil penalties on combination gas and electric corporations that fail to comply with.

New York A01299 amends the public service law to increase civil penalties for combination gas and electric corporations that fail to comply with regulations. The bill sets a penalty of up to $5 million for each separate and distinct offense, with each day of a continuing violation treated as a separate offense. Additionally, the penalty can be up to 4% of the corporation's annual intrastate gross operating revenue, excluding taxes paid to government entities. The act takes effect immediately.

New York A01299 amends the public service law to increase civil penalties on combination gas and electric corporations that fail to comply with.

New York A01299 amends the public service law to increase civil penalties for combination gas and electric corporations that fail to comply with regulations. The bill sets a penalty of up to $5 million for each separate and distinct offense, with each day of a continuing violation treated as a separate offense. Additionally, the penalty can be up to 4% of the corporation's annual intrastate gross operating revenue, excluding taxes paid to government entities. The act takes effect immediately.