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History
- Referred to energy and telecommunications
- Referred to rules
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Repeals Part NN of chapter 59 of the laws of 2009, relating to financing the operations of the department of public service
In Assembly Committee · Corporations, Authorities And Commissions · Sponsor Stephen Hawley
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to repeal Part NN of chapter 59 of the laws of 2009, amending the public service law relating to financing the operations of the department of public service, the public service commission, department support and energy management services provided by other state agencies, to increasing the utility assessment cap and the minimum threshold for collection thereunder, to establishing a temporary state energy and utility service conservation assessment and providing for the collection thereof
Purpose or general idea of bill
To repeal part NN of Chapter 59 of the Laws of 2009 of Article VII-A. 159-B (Transportation, Economic Development and Environmental Conservation) which establishes a "utility service conservation assessment" on specified utility entities of 2% of gross intrastate revenues, and a 1% of gross intrastate revenues for Long Island Power Authority.
Summary of specific provisions
Repeals Part NN of Chapter 59 of the laws of 2009 relating to the amendment of the Public Service Law in relation to financing the operations of the department through increasing the utility assessment cap and the minimum threshold for collection and establish a temporary state energy and utility service conservation assessment and provide for the collection.
Justification
The Service Conservation Assessment is a fee placed on utility companies including municipally owned utilities of 2 percent. The tax creates a condition requiring utility companies to raise more revenue to cover the assessment fee. Utility company's financial resources are strained and to raise the mandated fee they have placed the surcharge directly on customer's utility bills. The assessment fees are scheduled to be deposited directly into the state's general fund and only a portion will be passed on to the Public Service Commission within each budget season. This legislation would provide a direct savings to utility consumers.
Prior legislative history
None.
Fiscal implications
Consumers will save money from this unnecessary tax. A $520 million loss of projected revenue to the State's General Fund over the next 5 years by repealing the utility service conservation assessment.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.