New York A05402 directs the Public Service Commission to create rules limiting utility cost recovery in rate proceedings.

New York A05402 amends the Public Service Law to authorize the Public Service Commission to establish rules limiting a utility's ability to recover direct or indirect costs related to rate proceedings. These costs include attorneys' fees, expert witness fees, and employee salaries associated with attending, participating, preparing for, or appealing rate cases. The commission can set an overall percentage of non-recoverable expenses and establish discovery parameters to reduce costs and time. The rules must be established by January 1, 2027.

New York A05402 directs the Public Service Commission to create rules limiting utility cost recovery in rate proceedings.

New York A05402 amends the Public Service Law to authorize the Public Service Commission to establish rules limiting a utility's ability to recover direct or indirect costs related to rate proceedings. These costs include attorneys' fees, expert witness fees, and employee salaries associated with attending, participating, preparing for, or appealing rate cases. The commission can set an overall percentage of non-recoverable expenses and establish discovery parameters to reduce costs and time. The rules must be established by January 1, 2027.