Bill Text: NY S01085 | 2021-2022 | General Assembly | Introduced

Bill Title: Relates to false material statements related to a public utility.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2021-01-06 - REFERRED TO ENERGY AND TELECOMMUNICATIONS [S01085 Detail]

Download: New_York-2021-S01085-Introduced.html

                STATE OF NEW YORK


                               2021-2022 Regular Sessions

                    IN SENATE

                                     January 6, 2021

        Introduced  by Sens. GAUGHRAN, KAPLAN -- read twice and ordered printed,
          and when printed to be committed to the Committee on Energy and  Tele-

        AN  ACT  to  amend the public service law, in relation to false material
          statements related to a public utility

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Section 25 of the public service law is amended by adding a
     2  new subdivision 4-a to read as follows:
     3    4-a.  (a)  Notwithstanding the provisions of subdivision one or two of
     4  this section, any public utility company or corporation, and  the  offi-
     5  cers,  agents or employees thereof that knowingly makes a false material
     6  statement, representation or certification to the commission in any rate
     7  proceeding shall forfeit to the state of New York a sum  not  to  exceed
     8  two  hundred  fifty  thousand  dollars.  Each  false material statement,
     9  representation or certification shall constitute a separate and distinct
    10  offense for purposes of this section.
    11    (b) A public utility company or corporation, and the officers,  agents
    12  or  employees  thereof  that  discover  that a false material statement,
    13  representation or certification was previously made to the commission in
    14  relation to a rate proceeding shall disclose such false material  state-
    15  ment,  representation  or  certification  to the commission within three
    16  business days of  discovery.  Failure  to  make  such  disclosure  shall
    17  constitute  a knowing violation of this subdivision and shall cause such
    18  public utility company  or  corporation  and  the  officers,  agents  or
    19  employees  thereof to be liable for forfeiture pursuant to this subdivi-
    20  sion.
    21    § 2. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.