Bill Text: NY S02038 | 2011-2012 | General Assembly | Introduced

New York Senate Bill 2038 (Prior Session Legislation)

NY State Legislature page for S02038

Introduced

Bill Title: Authorizes the public service commission to fix the compensation of the board of directors of gas or any electric corporation or remove any members thereof upon a finding of gross error in management of the corporation.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-01-18 - REFERRED TO ENERGY AND TELECOMMUNICATIONS [S02038 Detail]

Download: New_York-2011-S02038-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2038
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                   January 18, 2011
                                      ___________
       Introduced  by  Sen.  KRUGER -- 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 the powers of 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 19 of section 66 of the public service  law  is
    2  amended by adding a new undesignated paragraph to read as follows:
    3    UPON  A  FINDING  BY THE COMMISSION THAT A GAS CORPORATION OR ELECTRIC
    4  CORPORATION HAS COMMITTED A GROSS ERROR IN THE MANAGEMENT OF SUCH CORPO-
    5  RATION, THE COMMISSION SHALL HAVE THE AUTHORITY TO FIX THE  COMPENSATION
    6  OF  ANY  MEMBER  OF  THE  BOARD  OF DIRECTORS OF SUCH CORPORATION AT ANY
    7  AMOUNT IT DEEMS APPROPRIATE OR TO REMOVE ANY OR ALL MEMBERS OF THE BOARD
    8  OF DIRECTORS OF SUCH CORPORATION.
    9    S 2.  This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07155-01-1