Reduces the maximum assessment for utility costs from one percent to one-third of one percent.

This bill amends the public service law to reduce the total amount that can be charged to public utility companies and the Long Island Power Authority for department expenses from one percent to one-third of one percent of their gross operating revenues derived from intrastate utility operations. The change applies to any state fiscal year, with the revenue period determined by the chairman.

Reduces the maximum assessment for utility costs from one percent to one-third of one percent.

This bill amends the public service law to reduce the total amount that can be charged to public utility companies and the Long Island Power Authority for department expenses from one percent to one-third of one percent of their gross operating revenues derived from intrastate utility operations. The change applies to any state fiscal year, with the revenue period determined by the chairman.