BILL NUMBER: S5515
SPONSOR: CANZONERI-FITZPATRICK
 
TITLE OF BILL:
An act to amend the public service law, in relation to providing trans-
parency to residential utility and municipality ratepayers on the cost
impact of the climate action council's scoping plan
 
PURPOSE:
To require the Department of Public Service to establish a formula for
utility corporations and municipalities to calculate the cost impact of
compliance measures with the CLCPA on ratepayers' utility bills
 
SUMMARY OF PROVISIONS:
Section 1: Adds a new section 44-a to the public service law, which
requires every utility corporation or municipality to include a separate
line item on residential customers' bills for service that lists the
cost impact of measures taken in accordance with the CLCPA. This
section also details various examples of measures to be listed. This
section further provides that the department shall establish and provide
a formula for every utility corporation and municipality, which will be
used to calculate the new separated line item. Costs incurred by a util-
ity or municipality that are beneficial for compliance with the CLCPA as
well as general system reliability or gas and electric services shall be
included in the formula. This section states that the department shall
be responsible for updating the formula annually and notifying the prop-
er stakeholders.
Section 2: Provides the effective date.
 
JUSTIFICATION:
As New York transitions to a cleaner energy grid, it is critical that
the transition is managed responsibly and in a manner that does not
burden ratepayers. Further, it is essential that the process is done in
a transparent manner, especially as ratepayers have seen recent spikes
in utility bills.
This bill would provide clarity for New Yorkers and increase transparen-
cy by requiring utility companies to provide a separate line item that
lists costs associated with compliance measures with the CLCPA, such as
monies spent for the purpose of renewable power generation, battery
storage, new transmission or distribution lines, and more. New Yorkers
deserve to know how the state's policies are impacting their budgets.
 
LEGISLATIVE HISTORY:
New bill
 
FISCAL IMPLICATIONS:
Provides transparency on fiscal impacts to ratepayers.
 
EFFECTIVE DATE:
This act shall take effect immediately.