Reduces the maximum assessment for public utility companies and the Long Island Power Authority.

This bill amends the public service law to reduce the maximum assessment that can be charged to public utility companies and the Long Island Power Authority from one percent to one-third of one percent of their gross operating revenues derived from intrastate utility operations. The change applies to any state fiscal year and is effective immediately upon enactment.

Reduces the maximum assessment for public utility companies and the Long Island Power Authority.

This bill amends the public service law to reduce the maximum assessment that can be charged to public utility companies and the Long Island Power Authority from one percent to one-third of one percent of their gross operating revenues derived from intrastate utility operations. The change applies to any state fiscal year and is effective immediately upon enactment.