New York S01896 requires electric, gas, steam, and water-works corporations to adopt the common equity ratio and rate of return on equity authorized.

New York S01896 mandates that electric, gas, steam, and water-works corporations must adopt the common equity ratio and rate of return on equity authorized by the Public Service Commission. Utilities must adopt these rates unless they can successfully demonstrate that the authorized rates do not meet their capital and/or operating needs. If a utility successfully demonstrates this, the commission and the utility must enter into settlement negotiations.

New York S01896 requires electric, gas, steam, and water-works corporations to adopt the common equity ratio and rate of return on equity authorized.

New York S01896 mandates that electric, gas, steam, and water-works corporations must adopt the common equity ratio and rate of return on equity authorized by the Public Service Commission. Utilities must adopt these rates unless they can successfully demonstrate that the authorized rates do not meet their capital and/or operating needs. If a utility successfully demonstrates this, the commission and the utility must enter into settlement negotiations.