Requires gas and electric corporations to provide forty-five days' notice to customers whenever there is a service rate or charge increase

This bill requires gas and electric utility companies in New York to provide customers with 45 days' written notice before implementing any service rate or charge increase. It directly affects all residential and business customers of these utilities by giving them advance warning of upcoming cost changes. The key provision mandates that notices must be delivered in writing at least 45 days prior to the effective date of the increase. This policy change aims to provide customers with greater transparency and time to adjust their budgets or explore alternatives.