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Sponsors
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History
- Referred to energy and telecommunications
- Referred to energy and telecommunications
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the public service law, in relation to directing the public service commission to conduct an in-depth public interest analysis of proposed mergers by telephone corporations and other telecommunications services providers over which said commission has jurisdiction
Purpose or general idea of bill
This bill would require closer scrutiny of proposed telecommunications industry transfers of control, and declares that except where the public interest requires a contrary result, a portion of the benefits of such mergers should be returned to the state's ratepayers.
Summary of specific provisions
This law would amend section 99 and section 100 of the public service law.
Justification
The public interest requires that the Public Service Commission's analysis of mergers and conclusions drawn there from arise from objective and verifiable empirical evidence, rather than from unsupported statements of policy or conclusory observations. It is additionally in the public interest to require a portion of the benefits of telecommunications mergers to be returned to the state's ratepayer's as refunds, reinvestment in the infrastructure providing E-911 services, or to finance repairs, maintenance or new construction that might otherwise be unfunded. Finally, requiring the Public Service Commission to conduct its analysis upon an enumerated list of public interest factors increases the participation of the public and other stakeholder groups in such proceedings, which enhances the transparency and accountability of the merger analysis process.
Prior legislative history
S.7263 of 2007/2008
Fiscal impact
None.
Effective date
This act shall take effect on the 120th day after it shall have become law, and any rule or regulation necessary for the timely implementation of this act on its effective date shall be promulgated within 90 days of such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.