New York S08947 mandates utilities to disclose more details about fuel cost increases and rate hikes to the public.

New York S08947 amends the public service law to enhance transparency for consumers regarding utility rate increases. The bill requires gas and electric corporations to submit monthly reports to the Public Service Commission detailing fuel cost increases and rate changes. These reports must include specific information such as the services affected by the fuel increase, the base cost of the fuel, supplier details, and the average cost of fuel. The commission is then mandated to publish this information on its public website within 48 hours of receipt and update it monthly.

New York S08947 mandates utilities to disclose more details about fuel cost increases and rate hikes to the public.

New York S08947 amends the public service law to enhance transparency for consumers regarding utility rate increases. The bill requires gas and electric corporations to submit monthly reports to the Public Service Commission detailing fuel cost increases and rate changes. These reports must include specific information such as the services affected by the fuel increase, the base cost of the fuel, supplier details, and the average cost of fuel. The commission is then mandated to publish this information on its public website within 48 hours of receipt and update it monthly.