S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1993

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 13, 2015
                               ___________

Introduced  by  M.  of  A.  BRENNAN,  JAFFEE,  SCARBOROUGH, GALEF, COOK,
  ABINANTI, MILLER, ROBERTS, PERRY, HOOPER -- Multi-Sponsored by  --  M.
  of  A.  GLICK,  ROSENTHAL,  THIELE  --  read  once and referred to the
  Committee on Corporations, Authorities and Commissions

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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01261-01-5
              

A. 1993                             2

franchise stated to be owned was acquired;  and  (g)  such  other  facts
pertaining to the operation and maintenance of the plant and system, and
the  affairs  of  such  person  or corporation as may be required by the
commission.  Such  reports shall be in the form, cover the period and be
filed at the time prescribed by the commission. The commission may, from
time to time, make [changes and] additions in such forms. When any  such
report  is  defective  or believed to be erroneous, the commission shall
notify the person, corporation or municipality  making  such  report  to
amend  the  same  within  a  time prescribed by the commission. Any such
person or corporation or municipality which shall neglect  to  make  any
such  report  or  which shall fail to correct any such report within the
time prescribed by the commission shall be liable to a  penalty  of  one
hundred  dollars  and  an  additional penalty of one hundred dollars for
each day after the prescribed time for which it shall neglect to file or
correct the same, to be sued for in the name of the people of the  state
of  New York. The amount recovered in any such action shall be paid into
the state treasury and be credited to the general fund.  The  commission
may extend the time prescribed for cause shown.
  S 2. This act shall take effect immediately.