New York S09459 authorizes the public service commission to implement performance-based regulation of electric or gas corporations.

New York S09459 amends the public service law to authorize the public service commission to implement performance-based regulation of electric or gas corporations. This regulation must provide performance standards and metrics by which such performance shall be measured. The framework adopted by the commission must include clear, objective, verifiable, and achievable performance metrics, describe how these standards and metrics are to be carried out, identify actions and mechanisms for corporations to meet these standards, and provide incentives or penalties based on performance.

New York S09459 authorizes the public service commission to implement performance-based regulation of electric or gas corporations.

New York S09459 amends the public service law to authorize the public service commission to implement performance-based regulation of electric or gas corporations. This regulation must provide performance standards and metrics by which such performance shall be measured. The framework adopted by the commission must include clear, objective, verifiable, and achievable performance metrics, describe how these standards and metrics are to be carried out, identify actions and mechanisms for corporations to meet these standards, and provide incentives or penalties based on performance.