New York S10115 limits annual utility bill increases to three percent unless grid reliability and safety require more.

New York S10115 amends the public service law to restrict gas, electric corporations, and municipalities from raising utility bills by more than three percent annually. This cap only allows exceptions if the increase is necessary to maintain the reliability and safety of the grid. The bill ensures that all charges on utility bills remain just and reasonable, prohibiting any unjust or unreasonable fees. This act takes effect immediately.

New York S10115 limits annual utility bill increases to three percent unless grid reliability and safety require more.

New York S10115 amends the public service law to restrict gas, electric corporations, and municipalities from raising utility bills by more than three percent annually. This cap only allows exceptions if the increase is necessary to maintain the reliability and safety of the grid. The bill ensures that all charges on utility bills remain just and reasonable, prohibiting any unjust or unreasonable fees. This act takes effect immediately.