Bill Text: NY S01622 | 2019-2020 | General Assembly | Introduced
Bill Title: Relates to the annual reports required to be filed by gas and electric corporations.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-01-08 - REFERRED TO ENERGY AND TELECOMMUNICATIONS [S01622 Detail]
Download: New_York-2019-S01622-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 1622 2019-2020 Regular Sessions IN SENATE January 15, 2019 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the public service law, in relation to annual reports required to be filed by gas and electric corporations The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 6 of section 66 of the public service law, as 2 amended by chapter 784 of the laws of 1923, is amended to read as 3 follows: 4 6. [Require] Notwithstanding any other rule, regulation, or order, 5 require every person and corporation under its supervision and it shall 6 be the duty of every such person and corporation to file with the 7 commission an annual report, verified by the oath of the president, 8 vice-president, treasurer, secretary, general manager, or receiver, if 9 any, thereof, or by the person required to file the same. The verifica- 10 tion shall be made by said official holding office at the time of the 11 filing of said report, and if not made upon the knowledge of the person 12 verifying the same shall set forth the sources of his information and 13 the grounds of his belief as to any matters not stated to be verified 14 upon his knowledge. The report shall show in detail (a) the amount of 15 its authorized capital stock and the amount thereof issued and outstand- 16 ing; (b) the amount of its authorized bonded indebtedness and the amount 17 of its bonds and other forms of evidence of indebtedness issued and 18 outstanding; (c) its receipts and expenditures during the preceding 19 year; (d) the amount paid as dividends upon its stock and as interest 20 upon its bonds; (e) the names of its officers and the aggregate amount 21 paid as salaries to them and the amount paid as wages to its employees; 22 (f) the location of its plant or plants and system, with a full 23 description of its property and franchises, stating in detail how each 24 franchise stated to be owned was acquired; and (g) such other facts EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00797-01-9S. 1622 2 1 pertaining to the operation and maintenance of the plant and system, and 2 the affairs of such person or corporation as may be required by the 3 commission. Such reports shall be in the form, cover the period and be 4 filed at the time prescribed by the commission. The commission may, from 5 time to time, make [changes and] additions in such forms. When any such 6 report is defective or believed to be erroneous, the commission shall 7 notify the person, corporation or municipality making such report to 8 amend the same within a time prescribed by the commission. Any such 9 person or corporation or municipality which shall neglect to make any 10 such report or which shall fail to correct any such report within the 11 time prescribed by the commission shall be liable to a penalty of one 12 hundred dollars and an additional penalty of one hundred dollars for 13 each day after the prescribed time for which it shall neglect to file or 14 correct the same, to be sued for in the name of the people of the state 15 of New York. The amount recovered in any such action shall be paid into 16 the state treasury and be credited to the general fund. The commission 17 may extend the time prescribed for cause shown. 18 § 2. This act shall take effect immediately.
