Requires utilities to detail capital expenditures for major rate changes on a per-project basis.

This bill amends the public service law to mandate that utilities provide detailed descriptions of any proposed capital expenditures when seeking major rate changes. Each project description must include the purpose, need, total cost, expected useful life, location, rationale, and anticipated benefits to ratepayers and the distribution system. These descriptions must be posted on the Public Service Commission's website. The bill ensures transparency and accountability in utility capital expenditure decisions.

Requires utilities to detail capital expenditures for major rate changes on a per-project basis.

This bill amends the public service law to mandate that utilities provide detailed descriptions of any proposed capital expenditures when seeking major rate changes. Each project description must include the purpose, need, total cost, expected useful life, location, rationale, and anticipated benefits to ratepayers and the distribution system. These descriptions must be posted on the Public Service Commission's website. The bill ensures transparency and accountability in utility capital expenditure decisions.