New York A09640 authorizes the public service commission to implement performance-based regulation of electric or gas corporations.

New York A09640 amends the public service law to authorize the public service commission to develop and adopt a framework for implementing performance-based regulation of electric or gas corporations. This regulation may include incentives and penalties based on the performance of the corporations. The framework must provide performance standards and metrics, identify actions to meet these standards, and consider the impacts on rates paid by ratepayers.

New York A09640 authorizes the public service commission to implement performance-based regulation of electric or gas corporations.

New York A09640 amends the public service law to authorize the public service commission to develop and adopt a framework for implementing performance-based regulation of electric or gas corporations. This regulation may include incentives and penalties based on the performance of the corporations. The framework must provide performance standards and metrics, identify actions to meet these standards, and consider the impacts on rates paid by ratepayers.