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A 9215 New York Assembly · 2025 Regular Session

Relates to limiting rate increases that entail a return on equity for capital projects

Summary
Prohibits the public service commission from approving a rate increase that entails a return on equity for capital projects that is above the prevailing ten-year treasury rate plus one percent.
Issues: ✗ Budget & TaxesOpposes Budget & TaxesLimits utility rate increases above treasury rate +1%, restricting cost hikes for consumers and limiting public utility revenue growth.85% confidence ✗ EnergyOpposes EnergyBill caps utility return on equity for capital projects at treasury rate +1%, restricting financial incentives for new energy infrastructure investment and limiting development.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Nov 2025
Committee Review
Floor Vote
Governor
Introduced Nov 3, 2025 Last action Jan 7, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
lower
Nov 3, 2025
Committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
lower
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Jonathan Jacobson
Jonathan Jacobson
DDemocratic
NY
104
Co
Photo of Angelo Santabarbara
Angelo Santabarbara
DDemocratic
NY
111
Co
Photo of Tommy John Schiavoni
Tommy John Schiavoni
DDemocratic/Working Families
NY
1