From: New York State Association of REALTORS (NYSAR) Sent: Saturday, September 28, 2024 Subject: Read this week's NYSAR E-News!
On September 25, Gov. Kathy Hochul signed legislation into law to increase transparency and accountability in public utility rate changes. The new law will require the Public Service Commission to publish certain information prior to a major rate change by a public gas or electric utility, explaining why the rate change is requested and a summary of how the proposed revenue will be spent. Another law establishes civil penalties for making false material statements to the Public Service Commission in relation to a rate proceeding. The penalty for violations by any utility corporation or its officers will be up to $250,000.
Source: www.nysar.com
Comments