New York A08150 prohibits gas, electric, or combination gas and electric corporations from retaining revenues exceeding authorized rates of return on.

New York A08150 amends the public service law to ensure that gas, electric, or combination gas and electric corporations cannot keep revenues that exceed their authorized rates of return on equity. These corporations must return any excess revenues to ratepayers within thirty days of the end of each twelve-month period. The Public Service Commission is mandated to initiate a refund proceeding if any corporation retains such excess revenues.

New York A08150 prohibits gas, electric, or combination gas and electric corporations from retaining revenues exceeding authorized rates of return on.

New York A08150 amends the public service law to ensure that gas, electric, or combination gas and electric corporations cannot keep revenues that exceed their authorized rates of return on equity. These corporations must return any excess revenues to ratepayers within thirty days of the end of each twelve-month period. The Public Service Commission is mandated to initiate a refund proceeding if any corporation retains such excess revenues.