Ensures energy services companies are subject to the same consumer protection regulations regarding unclaimed deposits and refunds currently facing.
New York S07230 amends the abandoned property law to ensure energy services companies (ESCOs) are subject to the same consumer protection regulations regarding unclaimed deposits and refunds as utility companies. This includes defining "utility services" to include those provided by ESCOs. ESCOs must report unclaimed deposits and refunds to the state comptroller and publish notices of unclaimed property. The bill also mandates that ESCOs pay unclaimed deposits and refunds to the state comptroller by October 10 each year.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.