New York legislation · 2025-2026 General Assembly
New York S10667: Establishes a presumption that certain refunds received by public utility companies shall be passed on to ratepayers
Status: In committee, September 9, 2026
Establishes a presumption that certain refunds received by public utility companies shall be passed on to ratepayers through bill credits, direct refunds, reductions in future rates, or other methods that provide a direct and equitable benefit to affected ratepayers.
What the bill says
An act to amend the public service law, in relation to establishing a presumption that certain refunds received by public utility companies shall be passed on to ratepayers.
From the amended text, September 9, 2026:
AN ACT to amend the public service law, in relation to establishing a presumption that certain refunds received by public utility companies shall be passed on to ratepayers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 113 of the public service law, as added by chapter 530 of the laws of 1977, is amended to read as follows: 2. (A) Whenever any public utility company [or municipality], whose rates are subject to the jurisdiction of the commission, shall receive any refund of amounts charged and collected from it by any source, the commission shall have power after a hearing, upon its own motion, upon complaint or upon the application of such public utility company [or municipality], to determine [whether or not such refund should be passed on, in whole or in part, to the consumers of such public utility company or municipality and to order such public utility company or municipality to pass such refunds on to its consumers, in the manner and to the extent determined just and reasonable by the commission] THE PORTION OF SUCH REFUND ATTRIBUTABLE TO COSTS, TAXES, FEES, CHARGES, OR OTHER AMOUNTS PREVIOUSLY RECOVERED FROM RATEPAYERS THROUGH RATES, CHARGES, OR OTHER COST RECOVERY MECHANISMS AUTHORIZED OR APPROVED BY THE COMMISSION, …
Sponsors
- Jeremy Cooney (D, 56) · primary sponsor
Latest actions
- : PRINT NUMBER 10667A
- : AMEND (T) AND RECOMMIT TO RULES
- : REFERRED TO RULES
Subjects: Public Service Law
Common questions
- What is S10667?
- S10667 is a bill in the New York Legislature (2025-2026 General Assembly): Establishes a presumption that certain refunds received by public utility companies shall be passed on to ratepayers.
- What does S10667 do?
- In its own words: An act to amend the public service law, in relation to establishing a presumption that certain refunds received by public utility companies shall be passed on to ratepayers.
- What is the status of S10667?
- In committee as of September 9, 2026. Latest action: PRINT NUMBER 10667A (September 9, 2026).
- Who sponsored S10667?
- Jeremy Cooney (D, 56).
- Where is the official record for S10667?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S10667
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.