Prohibits public utilities from passing on site investigation and remediation costs to ratepayers; requires annual reporting by large utilities.

The bill amends the public service law to prohibit public utilities from passing on the costs of site investigation and remediation efforts to ratepayers. It mandates that public utilities with over seventy-five thousand customers submit an annual report to the Public Service Commission detailing any expenses not included in their operating costs. These expenses include site investigation and remediation costs, fines, penalties, and legal services related to such obligations. The commission must make these reports publicly accessible on its website.

Prohibits public utilities from passing on site investigation and remediation costs to ratepayers; requires annual reporting by large utilities.

The bill amends the public service law to prohibit public utilities from passing on the costs of site investigation and remediation efforts to ratepayers. It mandates that public utilities with over seventy-five thousand customers submit an annual report to the Public Service Commission detailing any expenses not included in their operating costs. These expenses include site investigation and remediation costs, fines, penalties, and legal services related to such obligations. The commission must make these reports publicly accessible on its website.