Assembly BillChaptered/Signed
A 2736: Requires that any proposed capital expenditure to be considered in any matter affecting a major change in rates must be described by the utility and shall include the purpose, cost, and benefits to the ratepayers and shall be posted on the PSC website.
What A 2736 does, verified December 14, 2025
The bill aims to improve transparency and accountability in utility rate proceedings. It requires utilities to provide detailed information about proposed capital expenditures, including their purpose, cost, life expectancy, location, and anticipated benefits to ratepayers. The commission must consider whether the desired outcome of a capital expenditure is just and reasonable and beneficial to ratepayers, taking into account both immediate and long-term impacts. If the commission finds that the desired outcome is not just and reasonable, it may not consider the capital expenditure in determining a rate increase.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
✓Second ChamberComplete
✓GovernorComplete
6ChapteredCurrent
Last action: approval memo.17 (2025-12-12)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions17 total · showing 5
| Dec. 12, 2025 | approval memo.17 |
| Dec. 12, 2025 | signed chap.622 |
| Dec. 08, 2025 | delivered to governor |
| Jun. 05, 2025 | RETURNED TO ASSEMBLY |
| Jun. 05, 2025 | PASSED SENATE |
Latest bill textIntroduced version, January 22, 2025 · 306 words
STATE OF NEW YORK ________________________________________________________________________ 2736 2025-2026 Regular Sessions IN ASSEMBLY January 22, 2025 ___________ Introduced by M. of A. JACOBSON -- read once and referred to the Commit- tee on Energy AN ACT to amend the public service law, in relation to consideration of capital expenditures in utility rate proceedings The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 12 of section 66 of the public service law is 2 amended by adding a new paragraph (m) to read as follows: 3 (m) Any proposed capital expenditure to be considered in a rate 4 proceeding at the time authorization to make such investments is 5 initially requested, must be stated in full detail with each project 6 described in full detail by the utility, including the purpose, cost, 7 life expectancy, location in the service territory, and anticipated 8 benefits to ratepayers, both financial and non-financial, of each such 9 project included in the proposed capital expenditure. At any hearing 10 involving consideration of a proposed capital expenditure for purposes 11 of a rate proceeding, a capital expenditure to be used in determining a 12 rate increase, shall not be considered in whole or part, if the utility 13 does not show by the preponderance of the evidence that the desired 14 outcome through such capital expenditure is just and reasonable and 15 beneficial to ratepayers, with consideration given to both immediate and 16 long-term impacts. The commission may give to the hearing and decision 17 of such questions preference over all other questions pending before it. 18 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05485-01-5
Text of A 2736 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions