New York 2025 Session Status: Introduced

A8150 — Relates to the retention of revenues derived from their actual return on equity in excess of authorized rates of return by gas, electric, or combination gas and electric corporations

Last action — In Assembly Committee

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Assembly. Introduced May 02, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

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Summary

Provides that gas, electric, or combination gas and electric corporations shall not be permitted to retain revenues derived from their actual return on equity in excess of authorized rates of return on equity.

Bill Text

How this bill changes current law

1 change Share ↗

Compared against the New York Consolidated Laws as published AI-generated reading aid — verify against the official bill.

This bill amends 1 section(s) of the New York Consolidated Laws: Section 66 of the public service law.

  • Section 66 of the public service law

    may → (a) to the contrary (b) Such corporations shall be required to return all revenues derived from their actual return on equity in excess of their authorized rate of return on equity to ratepayers in the form of a surcredit to their bills. Such surcredit shall be provided to ratepayers no later than thirty days following the end of each year of a rate period and shall be clearly labeled on the ratepayer's bill. shall (c) The commission shall not approve any rate plan which allows any gas, electric, or combination gas and electric corporation to retain revenues derived from their actual return on equity in excess of their authorized rate of return on equity. (d) Such corporations shall be required to report annually to the department any excess revenues and the amount returned to ratepayers. (e) For purposes of this subdivision, "authorized rate of return on equity" shall mean the return on the equity portion of the rate base italics that regulated utilities are authorized to collect in rates and "rate period" shall mean the time period in which a regulated utility collects rates that are authorized and approved by the commission.

    amended

Action History

  1. REFERRED TO WAYS AND MEANS

  2. REPORTED REFERRED TO RULES

  3. REPORTED REFERRED TO WAYS AND MEANS

  4. REFERRED TO ENERGY

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does A8150 do?
Provides that gas, electric, or combination gas and electric corporations shall not be permitted to retain revenues derived from their actual return on equity in excess of authorized rates of return on equity.
Who sponsors A8150?
A8150 is sponsored by Didi Barrett.
What is the current status of A8150?
This bill has been introduced in the Assembly. Introduced May 02, 2025. It must pass committee before a floor vote.
Where can I track A8150?
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Last checked for changes 4 months ago · updated continuously

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