New York A09215 prohibits the Public Service Commission from approving rate increases with returns on equity above the ten-year treasury rate plus.

New York A09215 amends the public service law to prevent the Public Service Commission from approving rate increases that provide a return on equity for capital projects above the prevailing ten-year treasury rate plus one percent. The ten-year treasury rate refers to the annual interest rate the federal government pays on a ten-year treasury note. This restriction applies to rate increases occurring after the bill's effective date, which is 60 days after it becomes law.

New York A09215 prohibits the Public Service Commission from approving rate increases with returns on equity above the ten-year treasury rate plus.

New York A09215 amends the public service law to prevent the Public Service Commission from approving rate increases that provide a return on equity for capital projects above the prevailing ten-year treasury rate plus one percent. The ten-year treasury rate refers to the annual interest rate the federal government pays on a ten-year treasury note. This restriction applies to rate increases occurring after the bill's effective date, which is 60 days after it becomes law.