Enacts the "utility penalty adjustment"; adjusts utility penalties to account for inflation; increases such penalties and ties them to inflation.

New York S01721 amends the public service law to enact the "utility penalty adjustment." This adjustment modifies utility penalties to account for inflation. Starting January 1, 2027, the penalties will increase and be tied to inflation annually. The bill affects public utility companies, corporations, and their officers, agents, and employees who knowingly fail to comply with provisions, orders, or regulations. Penalties are based on the severity of the violation, with higher penalties for those causing death, personal injury, or significant property damage.

Enacts the "utility penalty adjustment"; adjusts utility penalties to account for inflation; increases such penalties and ties them to inflation.

New York S01721 amends the public service law to enact the "utility penalty adjustment." This adjustment modifies utility penalties to account for inflation. Starting January 1, 2027, the penalties will increase and be tied to inflation annually. The bill affects public utility companies, corporations, and their officers, agents, and employees who knowingly fail to comply with provisions, orders, or regulations. Penalties are based on the severity of the violation, with higher penalties for those causing death, personal injury, or significant property damage.