What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
Senator · Senate District 61
History
- Print number 2435a
- Amend and recommit to energy and telecommunications
- Referred to energy and telecommunications
- Referred to energy and telecommunications
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 subdivision 6 of section 18-a of the public service law, relating to a temporary state energy and utility service conservation assessment
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
BILL NUMBER:S2435A
Title of bill
An act to amend the public service law, in relation to reducing the amount a utility can be assessed and to repeal certain provisions of such law relating to a temporary state energy and utility service conservation assessment
Purpose or general idea of bill
To repeal subdivision 6 of section 18-A of the Public Service Law 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 subdivision 6 of section 18-A of the Public Service Law
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
2010 - S.6132/A.9098 -- ENERGY/Corporations 2011-2012 - S.4081-B - ENERGY/Corporations 2013 - S.2435/A.382-A - ENERGY/Corporations
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.