Enacts the "utility penalty and customer bill relief act" to return penalties to rate payers when corporations fail to meet service targets.

Enacts the "utility penalty and customer bill relief act" to require gas, electric, and water-works corporations, as well as the Long Island Power Authority, to return financial penalties or negative revenue adjustments to rate payers as a direct bill credit if they fail to achieve annual customer service performance targets. The Public Service Commission and the Power Authority must submit annual reports detailing the time taken to return these funds.

Enacts the "utility penalty and customer bill relief act" to return penalties to rate payers when corporations fail to meet service targets.

Enacts the "utility penalty and customer bill relief act" to require gas, electric, and water-works corporations, as well as the Long Island Power Authority, to return financial penalties or negative revenue adjustments to rate payers as a direct bill credit if they fail to achieve annual customer service performance targets. The Public Service Commission and the Power Authority must submit annual reports detailing the time taken to return these funds.