New York S01847 mandates the Public Service Commission to evaluate the economic impact of significant rate increases on consumers and affected areas.

New York S01847 requires the Public Service Commission to consider the economic impact of major increases in utility rates or charges on consumers and the areas affected by these increases before approving any such increases. The bill defines a "major increase" as one that would raise the applicant's aggregate revenues by more than $300,000 or 2.5%. The commission must consider specific data, including unemployment rates, income information, the number of persons receiving social services assistance, average monthly utility bills, and the latest consumer price index figures.

New York S01847 mandates the Public Service Commission to evaluate the economic impact of significant rate increases on consumers and affected areas.

New York S01847 requires the Public Service Commission to consider the economic impact of major increases in utility rates or charges on consumers and the areas affected by these increases before approving any such increases. The bill defines a "major increase" as one that would raise the applicant's aggregate revenues by more than $300,000 or 2.5%. The commission must consider specific data, including unemployment rates, income information, the number of persons receiving social services assistance, average monthly utility bills, and the latest consumer price index figures.