Directs the public service commission to conduct a study on gas and electric supply prices during the time period commencing on November 1, 2013 and ending on April 30th, 2014.
Ayes (37): DeFrancisco, Bonacic, Farley, Flanagan, Golden, Griffo, Grisanti, Hannon, Lanza, Larkin, LaValle, Little, Marcellino, Nozzolio, O'Mara, Ranzenhofer, Robach, Savino, Seward, Young, Valesky, Martins, Krueger, Diaz, Dilan, Rivera, Gianaris, Breslin, Montgomery, Parker, Peralta, Perkins, Stavisky, Squadron, Kennedy, Espaillat, Hassell-Thompson
TITLE OF BILL: An act to amend the public service law, in relation to directing the public service commission to conduct a study on gas and electric supply prices
to direct the Public Service Commission and the Bulk System Operator to conduct a study on the causes of large price increases for electric and gas supply this past winter and provide policy recommendations to the legislature
Summary of Provisions:
Section 1. Requires the Public Service Commission and the Bulk system operator to conduct a study to determine the factors that caused major price spikes on consumer gas and electric bills this past winter.
Section 2. Sets forth the effective Date
This past winter saw some of the largest electricity supply price increases in recent memory. These increases across the state ranged from 15% to more than 60% and were a shock to consumers who struggled to pay ever higher utility bills. The Public Service commission and the Bulk system operator are in the best position to understand and evaluate the state and national causes of these large price increases. The Commission's most important statutory duty is to act in the public interest and nothing could more clearly fall into that category than explaining why these massive price increases happened and making recommendations to the legislature about policy changes that might mitigate these increases in the future. Consumers are justifiably demanding answers and this bill will help to provide them.
Minimal-only cost is the value of time spent on this project by Department of Public Service Staff.
This is a new bill.
This bill shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ 7007 IN SENATE April 11, 2014 ___________Introduced by Sen. MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the public service law, in relation to directing the public service commission to conduct a study on gas and electric supply prices THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5 of the public service law is amended by adding a new subdivision 7 to read as follows: 7. A. WITHIN FORTY-FIVE DAYS OF THE EFFECTIVE DATE OF THIS SUBDIVI- SION, THE COMMISSION SHALL CONDUCT A STUDY IN COOPERATION AND CONSULTA- TION WITH THE BULK SYSTEM OPERATOR RELATING TO THE CAUSE OR CAUSES OF INCREASES IN CONSUMER PRICES FOR GAS AND ELECTRIC SUPPLY SERVICE DURING THE TIME PERIOD COMMENCING ON NOVEMBER FIRST, TWO THOUSAND THIRTEEN AND ENDING ON APRIL THIRTIETH, TWO THOUSAND FOURTEEN. B. UPON COMPLETION AND REVIEW OF THE DATA IN CONNECTION WITH THE STUDY, THE COMMISSION SHALL ISSUE A REPORT TO THE GOVERNOR AND THE LEGISLATURE WHICH SHALL INCLUDE RECOMMENDATIONS FOR STATUTORY AND REGU- LATORY CHANGES THAT MAY BE IMPLEMENTED IN ORDER TO MITIGATE FUTURE SUCH INCREASES IN GAS AND ELECTRIC SUPPLY PRICES. C. SUCH REPORT SHALL BE COMPLETED NO LATER THAN NOVEMBER FIFTEENTH, TWO THOUSAND FOURTEEN AND COPIES SHALL BE FORWARDED TO THE GOVERNOR, THE TEMPORARY PRESIDENT OF THE SENATE, THE SPEAKER OF THE ASSEMBLY, THE CHAIR OF THE SENATE ENERGY AND TELECOMMUNICATIONS COMMITTEE, THE CHAIR OF THE ASSEMBLY ENERGY COMMITTEE AND ALSO POSTED ON THE DEPARTMENT'S WEBSITE. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14707-01-4