New York A07610 adjusts utility penalties to account for inflation and ties them to inflation after January 1, 2027.

New York A07610, known as the "utility penalty adjustment," amends the public service law to adjust utility penalties for violations to account for inflation. It increases these penalties and ties them to inflation starting January 1, 2027. The bill specifies civil penalties for various violations, including those related to candor with the public, safety regulations, and reliability of electric service. Penalties are calculated based on the rate of inflation and the corporation's annual intrastate gross operating revenue.

New York A07610 adjusts utility penalties to account for inflation and ties them to inflation after January 1, 2027.

New York A07610, known as the "utility penalty adjustment," amends the public service law to adjust utility penalties for violations to account for inflation. It increases these penalties and ties them to inflation starting January 1, 2027. The bill specifies civil penalties for various violations, including those related to candor with the public, safety regulations, and reliability of electric service. Penalties are calculated based on the rate of inflation and the corporation's annual intrastate gross operating revenue.