Establishes reduced residential rates for electric and natural gas service to low-income customers.

The bill amends the public service law to require electric and natural gas corporations to establish reduced rate schedules for low-income customers. It mandates the Public Service Commission to set income and categorical eligibility standards for these reduced rates, which must be between 25% and 35% of the revenues that would have been produced for the same usage by other residential customers. The bill also requires service providers to inform eligible customers about the availability of reduced rates and to cooperate with the commission to certify and recertify eligibility.

Establishes reduced residential rates for electric and natural gas service to low-income customers.

The bill amends the public service law to require electric and natural gas corporations to establish reduced rate schedules for low-income customers. It mandates the Public Service Commission to set income and categorical eligibility standards for these reduced rates, which must be between 25% and 35% of the revenues that would have been produced for the same usage by other residential customers. The bill also requires service providers to inform eligible customers about the availability of reduced rates and to cooperate with the commission to certify and recertify eligibility.