New York A02400 mandates the Public Service Commission to assess the economic impact of significant utility rate increases on consumers before.

New York A02400 amends the public service law to require the Public Service Commission to consider evidence of the economic impact of major increases in utility rates or charges on consumers and the affected areas. The bill establishes minimum data to be considered, including unemployment data, income information, the number of persons receiving social services assistance, average monthly utility bills, and federal consumer price index figures. This act applies to requests for increased rates or charges submitted after its effective date.

New York A02400 mandates the Public Service Commission to assess the economic impact of significant utility rate increases on consumers before.

New York A02400 amends the public service law to require the Public Service Commission to consider evidence of the economic impact of major increases in utility rates or charges on consumers and the affected areas. The bill establishes minimum data to be considered, including unemployment data, income information, the number of persons receiving social services assistance, average monthly utility bills, and federal consumer price index figures. This act applies to requests for increased rates or charges submitted after its effective date.