New York S08491 ensures that utility rates remain unchanged if the Public Service Commission denies a major rate increase request.
New York S08491 amends the public service law to maintain existing utility rates if the Public Service Commission denies a utility's request for a major rate increase. Specifically, if the commission rejects a utility's request for a significant change in rates or charges, the current rates, charges, and related terms will stay in effect until the commission approves a new schedule. This applies to all requests filed after the bill's effective date.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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