New York S02301 increases civil penalties for combination gas and electric corporations that fail to comply with the public service law.

New York S02301 amends the public service law to increase civil penalties for certain combination gas and electric corporations that fail to comply with the law. The bill specifies that these corporations will face a penalty of up to $10 million or four one-hundredths of one percent of their annual intrastate gross operating revenue, whichever is greater, for each separate and distinct offense. The bill also clarifies that each day of a continuing violation will not be considered a separate offense, but the total period of the violation will be treated as a single offense.

New York S02301 increases civil penalties for combination gas and electric corporations that fail to comply with the public service law.

New York S02301 amends the public service law to increase civil penalties for certain combination gas and electric corporations that fail to comply with the law. The bill specifies that these corporations will face a penalty of up to $10 million or four one-hundredths of one percent of their annual intrastate gross operating revenue, whichever is greater, for each separate and distinct offense. The bill also clarifies that each day of a continuing violation will not be considered a separate offense, but the total period of the violation will be treated as a single offense.