A 7542: Caps public gas corporations, public electric corporations and municipal gas and electric companies at a profit margin of four percent per year.
What A 7542 does, verified January 12, 2026
The bill aims to cap certain public utility profit margins at four percent. This means that public gas corporations, electric corporations, and municipalities cannot operate with a profit margin exceeding four percent annually. The term "profit margin" refers to the return on equity, which is the return on the equity portion of the rate allowed by the commission. The bill takes effect on January 1st of the next year, and the necessary rules and regulations for implementation must be completed by that date.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to energy (2026-01-07)Alert me
Quick answers about A 7542
- What is the current status of A 7542?
- As of January 12, 2026, A 7542 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to energy".
- Did A 7542 pass?
- Not yet. A 7542 has been introduced and has not passed either house.
- Who wrote A 7542, and where is it now?
- A 7542 was authored by Asm. Jonathan Jacobson. Its committee of record is Assembly Energy. It is filed under PBS, alongside 90 other New York PBS bills this session.
Author and sponsors
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| Jan. 07, 2026 | referred to energy |
| Apr. 01, 2025 | referred to energy |
Latest bill textIntroduced version, April 1, 2025 · 252 words
STATE OF NEW YORK ________________________________________________________________________ 7542 2025-2026 Regular Sessions IN ASSEMBLY April 1, 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 capping certain public utility profit margins at four percent The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 65 of the public service law is amended by adding a 2 new subdivision 1-a to read as follows: 3 1-a. No public gas corporation, public electric corporation or munici- 4 pality shall operate with a profit margin of more than four percent as 5 measured on an annual basis. For the purposes of this subdivision, the 6 term "profit margin" shall mean the return on equity, which shall be the 7 return on the equity portion of the rate allowed by the commission. 8 § 2. This act shall take effect on the first of January next succeed- 9 ing the date on which it shall have become a law. Effective immediately, 10 the addition, amendment and/or repeal of any rule or regulation neces- 11 sary for the implementation of this act on its effective date are 12 authorized to be made and completed on or before such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10064-01-5
Text of A 7542 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions