Establishes stricter controls on utility rate suspensions and limits retroactive rate recovery by utilities.

This bill amends the public service law to require approval from the Public Service Commission for any extension of a suspension period for certain rate, charge, or other changes by utilities. Extensions will be valid for one month, after which the commission must review and determine the necessity of a further extension. The bill also imposes limitations on retroactive rate recovery by utilities, aiming to alleviate the impact of rate compression on customers.

Establishes stricter controls on utility rate suspensions and limits retroactive rate recovery by utilities.

This bill amends the public service law to require approval from the Public Service Commission for any extension of a suspension period for certain rate, charge, or other changes by utilities. Extensions will be valid for one month, after which the commission must review and determine the necessity of a further extension. The bill also imposes limitations on retroactive rate recovery by utilities, aiming to alleviate the impact of rate compression on customers.