Ensures energy services companies are subject to the same consumer protection regulations regarding unclaimed deposits and refunds currently facing.
New York A06762 amends the abandoned property law to ensure energy services companies (ESCOs) are subject to the same consumer protection regulations regarding unclaimed deposits and refunds as utility companies. This includes defining "energy services company" and requiring ESCOs to publish notices and file reports with the state comptroller regarding unclaimed property. The changes take effect on July 1 following the bill's enactment.
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