New York S05687 caps the annual profit margin of public gas corporations, public electric corporations, and municipal gas and electric companies at.

New York S05687 amends the public service law to limit the annual profit margin of public gas corporations, public electric corporations, and municipal gas and electric companies to four percent. The term "profit margin" is defined as the return on equity, which is the return on the equity portion of the rate allowed by the commission. This amendment takes effect immediately upon becoming law, with necessary rules and regulations to be completed by the effective date.

New York S05687 caps the annual profit margin of public gas corporations, public electric corporations, and municipal gas and electric companies at.

New York S05687 amends the public service law to limit the annual profit margin of public gas corporations, public electric corporations, and municipal gas and electric companies to four percent. The term "profit margin" is defined as the return on equity, which is the return on the equity portion of the rate allowed by the commission. This amendment takes effect immediately upon becoming law, with necessary rules and regulations to be completed by the effective date.