Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to energy and telecommunications |
Jan 30, 2013 |
referred to energy and telecommunications |
Senate Bill S3091
2013-2014 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2013-S3091 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A2846
- Current Committee:
- Senate Energy And Telecommunications
- Law Section:
- Public Service Law
- Laws Affected:
- Amd §66, Pub Serv L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S5514, A7306
2015-2016: S3975, A1993
2017-2018: S3619, A3755
2019-2020: S1622
2013-S3091 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3091 TITLE OF BILL: An act to amend the public service law, in relation to annual reports required to be filed by gas and electric corporations PURPOSE: This bill will require the filing of annual reports to the Public Service Commission by the various gas and electric corporations, and elucidates the parameters of such reports. SUMMARY OF PROVISIONS: This bill amends subsection 6 of section 66, as amended by Chapter 784 of the laws of 1923, of the Public Service Law to require the filing of annual reports by gas and electric corporations. JUSTIFICATION: For nearly a century, since the founding of the department of public service (Commission), New York energy corporations have been required by law to file an annual report. The annual report is a necessary tool in maintaining transparency and oversight of the industry, providing critical information on the operations, accounts, capital, debt, and management of power producers. The Commission has confirmed that it has unilaterally exempted power producers from filing annual reports, for perhaps as long as the last twenty years. In 1991 the Commission waived the annual reporting requirement for a small 95 megawatt cogeneration facility. Since this
2013-S3091 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3091 2013-2014 Regular Sessions I N S E N A T E January 30, 2013 ___________ Introduced by Sen. PARKER -- 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 annual reports required to be filed by gas and electric corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 6 of section 66 of the public service law, as amended by chapter 784 of the laws of 1923, is amended to read as follows: 6. [Require] NOTWITHSTANDING ANY OTHER RULE, REGULATION, OR ORDER, REQUIRE every person and corporation under its supervision and it shall be the duty of every such person and corporation to file with the commission an annual report, verified by the oath of the president, vice-president, treasurer, secretary, general manager, or receiver, if any, thereof, or by the person required to file the same. The verifica- tion shall be made by said official holding office at the time of the filing of said report, and if not made upon the knowledge of the person verifying the same shall set forth the sources of his information and the grounds of his belief as to any matters not stated to be verified upon his knowledge. The report shall show in detail (a) the amount of its authorized capital stock and the amount thereof issued and outstand- ing; (b) the amount of its authorized bonded indebtedness and the amount of its bonds and other forms of evidence of indebtedness issued and outstanding; (c) its receipts and expenditures during the preceding year; (d) the amount paid as dividends upon its stock and as interest upon its bonds; (e) the names of its officers and the aggregate amount paid as salaries to them and the amount paid as wages to its employees; (f) the location of its plant or plants and system, with a full description of its property and franchises, stating in detail how each franchise stated to be owned was acquired; and (g) such other facts EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06913-01-3
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