New York S09342 mandates legislative approval for any utility rate or charge increase approved by the Public Service Commission.

New York S09342 amends the public service law to require legislative approval for any utility rate or charge increase approved by the Public Service Commission. The legislature can approve, modify, or rescind any rate or charge increase by concurrent resolution. The legislature has 60 days to review and act on any increase approved by the commission. Additionally, the legislature can review and modify any rate or charge increase approved by the commission in the prior 12 months.

New York S09342 mandates legislative approval for any utility rate or charge increase approved by the Public Service Commission.

New York S09342 amends the public service law to require legislative approval for any utility rate or charge increase approved by the Public Service Commission. The legislature can approve, modify, or rescind any rate or charge increase by concurrent resolution. The legislature has 60 days to review and act on any increase approved by the commission. Additionally, the legislature can review and modify any rate or charge increase approved by the commission in the prior 12 months.