Relates to unclaimed deposits and refunds for utility services furnished by energy services companies
This bill updates New York's abandoned property law to include energy services companies, also known as ESCOs, alongside traditional utility providers. It ensures that unclaimed deposits, prepaid utility funds, and refunds owed by these companies are treated as abandoned property if they remain unclaimed for two years after service ends. The legislation requires ESCOs to follow the same reporting and payment rules as other utilities, including publishing annual notices and submitting detailed lists of unclaimed funds to the state comptroller. By expanding the definition of "utility services" to cover energy sold through existing transmission systems, the bill aims to protect consumers who may have left behind money owed to them by these newer energy providers.
Bill status
in committee
3 of 5 stages cleared
Introduction
May 2024
Committee Review
Jun 2024
Senate Passage
Jun 2024
Assembly Passage
Governor
Introduced May 22, 2024
Last action Jun 7, 2024
Floor votes · Senate Jun 4, 2024
How they voted
20–0
Passed
Total votes 20
Jun 4, 2024
D
Democratic13
100% Yea
R
Republican7
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
3
Jun 7, 2024
Committee
RECOMMITTED TO RULES
upper
Jun 4, 2024
Committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
upper
Jun 4, 2024
Senate · Passed
Senate Vote: pass (20-0)
senate
May 22, 2024
Committee
REFERRED TO FINANCE
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Leroy Comrie
DDemocratic
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