New York legislation · 2025-2026 General Assembly
New York A11578: Relates to requiring gas and electric corporations to disclose certain information with an application for a major rate change
Status: In committee, June 5, 2026
Requires a gas and electric corporation to disclose certain information with an application for a major rate change; requires information relating to dividends paid to shareholders, capital investments, and policy expenditures; requires each application to include a dividend forecast covering the requested rate period.
What the bill says
An act to amend the public service law, in relation to requiring gas and electric corporations to disclose certain information with an application for a major rate change.
From the introduced text, June 5, 2026:
AN ACT to amend the public service law, in relation to requiring gas and electric corporations to disclose certain information with an application for a major rate change THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 12 of section 66 of the public service law is amended by adding two new paragraphs (n) and (o) to read as follows: (N) THE COMMISSION SHALL REQUIRE EACH APPLICATION FOR A MAJOR CHANGE IN RATES FILED BY A GAS CORPORATION, AN ELECTRIC CORPORATION, OR A COMBINATION GAS AND ELECTRIC CORPORATION, TO INCLUDE A PAST PERFORMANCE DISCLOSURE WHICH SHALL INCLUDE: (I) DETAILED INFORMATION ON ALL DIVIDENDS PAID TO SHAREHOLDERS IN THE PREVIOUS TEN YEARS, INCLUDING AN EXPLANATION OF THE TOTAL DIVIDENDS PAID AND THE DATE SUCH PAYMENTS WERE MADE; (II) CAPITAL INVESTMENTS WHICH THE APPLICANT INDICATED IT WOULD MAKE IN MAJOR CHANGE IN RATE FILINGS IN THE PREVIOUS TEN YEARS, AND CAPITAL INVESTMENTS ACTUALLY MADE DURING SUCH TIME, INCLUDING AN EXPLANATION OF WHY ANY PLANNED CAPITAL INVESTMENTS WERE NOT MADE OR WERE ABANDONED, AND WHY ANY UNPLANNED CAPITAL INVESTMENTS WERE MADE; (III) OPERATING EXPENSES FOR THE PREVIOUS TEN YEARS, INCLUDING EXPLANATIONS FOR ANY DIFFERENCES BETWEEN THE ESTIMATED OPERATING EXPENSES IN A MAJOR CHANGE IN RATE FILING AND ACTUAL OPERATING EXPENSES; AND (IV) …
Sponsors
- Powers, Keith (D, 74) · primary sponsor
Latest actions
- : REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
Subjects: Public Service Law
Common questions
- What is A11578?
- A11578 is a bill in the New York Legislature (2025-2026 General Assembly): Relates to requiring gas and electric corporations to disclose certain information with an application for a major rate change.
- What does A11578 do?
- In its own words: An act to amend the public service law, in relation to requiring gas and electric corporations to disclose certain information with an application for a major rate change.
- What is the status of A11578?
- In committee as of June 5, 2026. Latest action: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS (June 5, 2026).
- Who sponsored A11578?
- Powers, Keith (D, 74).
- Where is the official record for A11578?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A11578
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.