Increases penalties for gas and electric utilities failing to file or correct annual reports with the Public Service Commission.

New York Senate Bill S07229 amends the Public Service Law to increase penalties for gas and electric utilities that fail to file or correct an annual report with the Public Service Commission. The penalties are set at a maximum of one-tenth of 1% of the utilities' annual net revenue for each day of violation, but cannot exceed $25,000 and must be at least $100. The bill also authorizes the commission to take necessary actions to implement these changes.

Increases penalties for gas and electric utilities failing to file or correct annual reports with the Public Service Commission.

New York Senate Bill S07229 amends the Public Service Law to increase penalties for gas and electric utilities that fail to file or correct an annual report with the Public Service Commission. The penalties are set at a maximum of one-tenth of 1% of the utilities' annual net revenue for each day of violation, but cannot exceed $25,000 and must be at least $100. The bill also authorizes the commission to take necessary actions to implement these changes.