Establishes a standardized rate application template for utilities in New York.

The bill amends the public service law to introduce a standardized rate application template for utilities. It mandates that all rate filings include a clear explanation of calculations and assumptions, a detailed breakdown of expenses, and a side-by-side comparison of current and proposed rates. The standardized template aims to promote accountability, comparability, and informed decision-making by ensuring uniformity in rate filings. All rate filings, including explanatory materials and calculation workpapers, must be made publicly available on the department's website.

Establishes a standardized rate application template for utilities in New York.

The bill amends the public service law to introduce a standardized rate application template for utilities. It mandates that all rate filings include a clear explanation of calculations and assumptions, a detailed breakdown of expenses, and a side-by-side comparison of current and proposed rates. The standardized template aims to promote accountability, comparability, and informed decision-making by ensuring uniformity in rate filings. All rate filings, including explanatory materials and calculation workpapers, must be made publicly available on the department's website.