Prohibits the Public Service Commission from approving rate increases that exceed the ten-year treasury rate plus one percent.

The bill amends the Public Service Law to prevent the Public Service Commission from approving rate increases that entail a return on equity for capital projects above the prevailing ten-year treasury rate plus one percent. This measure aims to ensure that utility companies do not receive excessive returns on their investments, thereby potentially keeping consumer rates lower. The changes will apply to rate increases occurring after the bill's effective date.

Prohibits the Public Service Commission from approving rate increases that exceed the ten-year treasury rate plus one percent.

The bill amends the Public Service Law to prevent the Public Service Commission from approving rate increases that entail a return on equity for capital projects above the prevailing ten-year treasury rate plus one percent. This measure aims to ensure that utility companies do not receive excessive returns on their investments, thereby potentially keeping consumer rates lower. The changes will apply to rate increases occurring after the bill's effective date.