New York S03734 directs the Public Service Commission to set rules limiting utilities' cost recovery for rate proceedings.

New York S03734 amends the Public Service Law to authorize and direct the Public Service Commission to establish rules by January 1, 2027, limiting a utility's ability to recover direct or indirect costs related to rate proceedings. These costs include attorneys' fees, expert witness fees, and related expenses. The commission may consider setting an overall percentage of non-recoverable expenses, establishing a baseline for reasonable participation costs, and defining discovery parameters. The act takes effect 180 days after becoming law.

New York S03734 directs the Public Service Commission to set rules limiting utilities' cost recovery for rate proceedings.

New York S03734 amends the Public Service Law to authorize and direct the Public Service Commission to establish rules by January 1, 2027, limiting a utility's ability to recover direct or indirect costs related to rate proceedings. These costs include attorneys' fees, expert witness fees, and related expenses. The commission may consider setting an overall percentage of non-recoverable expenses, establishing a baseline for reasonable participation costs, and defining discovery parameters. The act takes effect 180 days after becoming law.