New York A07542 caps the annual profit margin for public gas corporations, public electric corporations, and municipal gas and electric companies at.

New York A07542 amends the public service law to limit the annual profit margin for public gas corporations, public electric corporations, and municipal gas and electric companies to four percent. The bill defines "profit margin" as the return on equity, which is the return on the equity portion of the rate allowed by the commission. This change aims to ensure that these public utilities do not exceed a four percent profit margin on an annual basis. The act will take effect on the first of January following the date it becomes law.

New York A07542 caps the annual profit margin for public gas corporations, public electric corporations, and municipal gas and electric companies at.

New York A07542 amends the public service law to limit the annual profit margin for public gas corporations, public electric corporations, and municipal gas and electric companies to four percent. The bill defines "profit margin" as the return on equity, which is the return on the equity portion of the rate allowed by the commission. This change aims to ensure that these public utilities do not exceed a four percent profit margin on an annual basis. The act will take effect on the first of January following the date it becomes law.