New York A02736 mandates that utilities must describe capital expenditures affecting major rate changes, including purpose, cost, and benefits, and.
New York A02736 requires utilities to provide detailed descriptions of any proposed capital expenditures that could lead to a major change in rates. These descriptions must include the purpose, total cost, expected period of usefulness, location, rationale for inclusion, and anticipated benefits to ratepayers. The descriptions must be posted on the Public Service Commission's website. This law aims to ensure transparency and accountability in utility rate proceedings.
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