Bill Text: NY A08740 | 2017-2018 | General Assembly | Amended

New York Assembly Bill 8740 (Prior Session Legislation)

Bill Title: Requires the public service commission to retain an independent auditor to conduct audits of private water utility companies prior to and after rate changes are approved by the public service commission.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2018-05-14 - held for consideration in corporations, authorities and commissions [A08740 Detail]

Download: New_York-2017-A08740-Amended.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                         8740--A
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    October 25, 2017
                                       ___________
        Introduced  by  M. of A. MONTESANO, LAVINE, RA, M. G. MILLER, McDONOUGH,
          ABINANTI, PELLEGRINO -- Multi-Sponsored by -- M.  of  A.  BRABENEC  --
          read  once  and referred to the Committee on Corporations, Authorities
          and Commissions --  recommitted  to  the  Committee  on  Corporations,
          Authorities and Commissions in accordance with Assembly Rule 3, sec. 2
          --  committee  discharged,  bill amended, ordered reprinted as amended
          and recommitted to said committee
        AN ACT to amend the public service law, in  relation  to  requiring  the
          public  service  commission  retain  an independent auditor to conduct
          audits of private water utility companies  prior  to  and  after  rate
          changes are approved by the public service commission
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 10 of section 89-c of the public service law is
     2  amended by adding a new paragraph (b-1) to read as follows:
     3    (b-1) Prior to the approval by the commission of a change by a private
     4  water utility company in any rate or charge, or in any form of  contract
     5  or  agreement  or any rule or regulation relating to any rate, charge or
     6  service, or in any general privilege or facility, the commissioner shall
     7  retain a third-party auditor to conduct an audit of such  private  water
     8  utility  company  and  provide  his or her findings to the commission in
     9  writing. The third-party  auditor  shall  not  be  affiliated  with  the
    10  commission  or  with any member of the public service commission. In the
    11  event of approval by the commission of any  such  change  by  a  private
    12  water  utility  company in rate or charge, or in any form of contract or
    13  agreement or any rule or regulation relating  to  any  rate,  charge  or
    14  service,  or in any general privilege or facility, the independent audi-
    15  tor shall conduct a second audit of the private  water  utility  company
    16  one year after the change takes effect. The commission shall publish the
    17  results of all such audits on its website.
    18    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13441-04-8