New York S07693 prohibits gas, electric, or combination gas and electric corporations from retaining revenues exceeding authorized rates of return on.

New York S07693 amends the public service law to prevent gas, electric, or combination gas and electric corporations from retaining revenues derived from their actual return on equity in excess of authorized rates of return on equity. These corporations must return all excess revenues to ratepayers in the form of a surcredit on their bills. The commission is empowered to provide refunds for any revenues that cause the corporation to exceed its authorized rate of return for a period of twelve months.

New York S07693 prohibits gas, electric, or combination gas and electric corporations from retaining revenues exceeding authorized rates of return on.

New York S07693 amends the public service law to prevent gas, electric, or combination gas and electric corporations from retaining revenues derived from their actual return on equity in excess of authorized rates of return on equity. These corporations must return all excess revenues to ratepayers in the form of a surcredit on their bills. The commission is empowered to provide refunds for any revenues that cause the corporation to exceed its authorized rate of return for a period of twelve months.