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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          8740
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    October 25, 2017
                                       ___________
        Introduced  by  M. of A. MONTESANO, LAVINE, RA -- read once and referred
          to the Committee on Corporations, Authorities and Commissions
        AN ACT to amend the public service law, in  relation  to  requiring  the
          state comptroller 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 state comptroller
     7  has conducted an audit of such private water utility company and provide
     8  his or her findings to the commission. In the event of approval  by  the
     9  commission of any such change by a private water utility company in rate
    10  or  charge, or in any form of contract or agreement or any rule or regu-
    11  lation relating to any rate, charge or service, or in any general privi-
    12  lege or facility, the state comptroller shall conduct a second audit  of
    13  the  private  water  utility  company  one  year  after the change takes
    14  effect.
    15    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13441-02-7