New York S08213 amends the public service law to require utilities to describe capital expenditures in rate change matters.

New York S08213 amends the public service law to mandate that any proposed capital expenditure considered in a rate change matter must be described by the utility. This description must include the purpose, total cost, expected period of usefulness, location, rationale for inclusion, and anticipated benefits to ratepayers. These descriptions must be posted on the Public Service Commission's website. The burden of proof that a rate change is just and reasonable falls on the utility. This act takes effect immediately but does not apply to rate change matters initiated before its effective date.

New York S08213 amends the public service law to require utilities to describe capital expenditures in rate change matters.

New York S08213 amends the public service law to mandate that any proposed capital expenditure considered in a rate change matter must be described by the utility. This description must include the purpose, total cost, expected period of usefulness, location, rationale for inclusion, and anticipated benefits to ratepayers. These descriptions must be posted on the Public Service Commission's website. The burden of proof that a rate change is just and reasonable falls on the utility. This act takes effect immediately but does not apply to rate change matters initiated before its effective date.