Bill Text: NY S07278 | 2009-2010 | General Assembly | Introduced

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Bill Title: Provides that the commission of public service may set gas and electric rates for a fixed period not exceeding three years.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-03-29 - REFERRED TO ENERGY AND TELECOMMUNICATIONS [S07278 Detail]

Download: New_York-2009-S07278-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7278
                                   I N  S E N A T E
                                    March 29, 2010
                                      ___________
       Introduced  by Sen. AUBERTINE -- (at request of the Department of Public
         Service) -- read twice and ordered printed, and  when  printed  to  be
         committed to the Committee on Energy and Telecommunications
       AN ACT to amend the public service law, in relation to prices, rates and
         charges
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (h) of subdivision 12 of section 66 of the public
    2  service law, as amended by chapter 154 of the laws of 1989,  is  amended
    3  to read as follows:
    4    (h)  The  commission may, as authorized by section seventy-two of this
    5  article, establish temporary rates or charges for any period of  suspen-
    6  sion  under  this section, AND ESTABLISH RATES OR CHARGES FOR ANY PERIOD
    7  FIXED IN A COMMISSION ORDER NOT EXCEEDING THREE YEARS THAT  CONTINUE  IN
    8  FORCE AND EFFECT DURING SUCH FIXED PERIOD.
    9    S  2.  Paragraph  (k)  of  subdivision  12 of section 66 of the public
   10  service law is renumbered paragraph (l) and a new paragraph (k) is added
   11  to read as follows:
   12    (K) WHEN ESTABLISHING JUST AND REASONABLE RATES PURSUANT TO THIS CHAP-
   13  TER, THE COMMISSION SHALL HAVE POWER TO  PROVIDE  THAT  RATES  SHALL  BE
   14  DETERMINED  IN ACCORDANCE WITH THE TERMS OF ITS ORDER FOR A FIXED PERIOD
   15  NOT EXCEEDING THREE YEARS. IN THE EVENT THAT THE COMMISSION  ESTABLISHES
   16  RATES FOR A FIXED PERIOD IN EXCESS OF ONE YEAR, A UTILITY SHALL NOT FILE
   17  FOR  A  RATE  INCREASE  BEFORE  COMMENCEMENT  OF THE ELEVEN MONTH PERIOD
   18  PRECEDING THE END OF SUCH FIXED PERIOD, EXCEPT AS  OTHERWISE  AUTHORIZED
   19  BY THE COMMISSION IN ITS ORDER OR A SUBSEQUENT ORDER.
   20    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD15631-02-0