Establishes reduced residential rates for electric and natural gas service to low-income customers in New York.

This bill amends the public service law to mandate electric and natural gas corporations to establish reduced rates for low-income residential customers. The Public Service Commission will set income and categorical eligibility standards, ensuring that low-income customers are not overburdened. The commission will also require providers to inform customers about reduced rates and application forms. The bill aims to mitigate the revenue impact of these reductions by utilizing utility earnings and disallowing certain costs.

Establishes reduced residential rates for electric and natural gas service to low-income customers in New York.

This bill amends the public service law to mandate electric and natural gas corporations to establish reduced rates for low-income residential customers. The Public Service Commission will set income and categorical eligibility standards, ensuring that low-income customers are not overburdened. The commission will also require providers to inform customers about reduced rates and application forms. The bill aims to mitigate the revenue impact of these reductions by utilizing utility earnings and disallowing certain costs.