New York A11229 enhances transparency for consumers by requiring utilities to disclose more information about fuel cost increases and rate changes.

New York A11229 amends the public service law to increase transparency for consumers regarding utility rate increases. The bill mandates that gas and electric corporations provide detailed information about fuel cost increases and rate changes. This includes the services affected, base cost of the fuel, supplier details, transmission tariffs, delivery points, average fuel costs, and fuel storage amounts. The Public Service Commission must publish this information on its website within 48 hours of receipt and update it monthly.

New York A11229 enhances transparency for consumers by requiring utilities to disclose more information about fuel cost increases and rate changes.

New York A11229 amends the public service law to increase transparency for consumers regarding utility rate increases. The bill mandates that gas and electric corporations provide detailed information about fuel cost increases and rate changes. This includes the services affected, base cost of the fuel, supplier details, transmission tariffs, delivery points, average fuel costs, and fuel storage amounts. The Public Service Commission must publish this information on its website within 48 hours of receipt and update it monthly.