New York 2025 Session Status: Introduced

S10157 — Enacts the "utility fair acquisition act"

Last action — In Senate Committee

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

This bill has been introduced in the Senate. Introduced May 01, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

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Where this bill stands today.

Odds of enactment

Low

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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

Enacts the "utility fair acquisition act", providing that in any acquisition by a municipal corporation or a public benefit corporation created pursuant to article 5 of the public authorities law of infrastructure operated by a public utility company or private energy provider, the appraised value shall be reduced by the value of infrastructure that was financed through customer user fees, ratepayer surcharges, or other non-investor-funded mechanisms as determined by the public service commission.

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 362 of the general municipal law.

  • Section 362 of the general municipal law

    1. 2. (a) In any acquisition by a municipal corporation of electric generation, transmission or distribution infrastructure currently oper- ated by a public utility company or private energy provider, the appraised value shall be reduced by the proportional value of infras- tructure that was financed through customer user fees, ratepayer surcharges, or other non-investor-funded mechanisms, as determined by the public service commission. (b) The public service commission shall, upon request by a municipal corporation seeking to acquire utility assets, determine the extent to which such assets were financed through customer user fees, ratepayer surcharges, or other non-investor-funded mechanisms, and shall issue a report identifying the value of such contributions and recommending a commensurate reduction in the acquisition price. § 2859. Financing the cost of a public utility service. Notwithstand- ing any other provisions of this title or the provisions of any general, special or local law, any public benefit corporation created pursuant to italics article five of this chapter which is authorized by law to produce, develop, distribute and sell water, water services, facilities and commodities shall have the power: 1. In any acquisition by a public utility corporation of generation, transmission or distribution infrastructure currently operated by a public utility company or private energy provider, the appraised value shall be reduced by the proportional value of infrastructure that was financed through customer user fees, ratepayer surcharges, or other non-investor-funded mechanisms, as determined by the public service commission. 2. The public service commission shall, upon request by a public util- ity corporation seeking to acquire utility assets, determine the extent to which such assets were financed through customer user fees, ratepayer surcharges, or other non-investor-funded mechanisms, and shall issue a report identifying the value of such contributions and recommending a commensurate reduction in the acquisition price.

    amended

Action History

  1. REFERRED TO LOCAL GOVERNMENT

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

public-safety 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 S10157 do?
Enacts the "utility fair acquisition act", providing that in any acquisition by a municipal corporation or a public benefit corporation created pursuant to article 5 of the public authorities law of infrastructure operated by a public utility company or private energy provider, the appraised value shall be reduced by the value of infrastructure that was financed through customer user fees, ratepayer surcharges, or other non-investor-funded mechanisms as determined by the public service commission.
Who sponsors S10157?
S10157 is sponsored by Julia Salazar.
What is the current status of S10157?
This bill has been introduced in the Senate. Introduced May 01, 2026. It must pass committee before a floor vote.
Where can I track S10157?
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Last checked for changes 4 months ago · updated continuously

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