Official record
Measure details
- Jurisdiction
- New York
- Session
- 2025-2026
- Chamber
- upper
- Classification
- bill
- Subjects
- Not supplied
- Introduced / first action
- 2026-05-15 00:00:00
Source-supplied abstracts
Enacts the "fair authorized investment returns act"; sets a default authorized return on equity equal to the ten year US Treasury rate plus two hundred basis points; provides such default authorized return shall reset annually; establishes a competitive equity auction through which the cost of equity for a covered utility may be determined on a market basis, whether initiated by the utility or ordered by the commission.
Sponsors
- Shelley Mayer (primary), primary
- Leroy Comrie, cosponsor