Relates to the retention of revenues derived from their actual return on equity in excess of authorized rates of return by gas, electric, or combination gas and electric corporations
Summary
Provides that gas, electric, or combination gas and electric corporations shall not be permitted to retain revenues derived from their actual return on equity in excess of authorized rates of return on equity.
Bill status
passed
3 of 5 stages cleared
Introduction
Apr 2025
Committee Review
Feb 2026
Senate Passage
Feb 2026
Assembly Passage
Governor
Introduced Apr 30, 2025
Last action Feb 5, 2026
Floor votes · Senate Jun 5, 2025
How they voted
55–5
Passed · 3 other
Total votes 63
Jun 5, 2025
D
Democratic41
95% Yea
R
Republican22
72% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
2
Committee
5
Feb 5, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
Feb 4, 2026
Upper · Passed
PASSED SENATE
upper
Jan 27, 2026
Committee
REPORTED AND COMMITTED TO RULES
upper
Jan 7, 2026
Committee
REFERRED TO ENERGY AND TELECOMMUNICATIONS
upper
Jun 5, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
Jun 5, 2025
Upper · Passed
PASSED SENATE
upper
Apr 30, 2025
Committee
REFERRED TO ENERGY AND TELECOMMUNICATIONS
upper
1 primary · 7 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Shelley Mayer
DDemocratic/Working Families
Co
Jack Martins
RRepublican/Conservative
Co
Jose Serrano
DDemocratic/Working Families
Co
Michelle Hinchey
DDemocratic/Working Families
Co
Pat Fahy
DDemocratic
Co
Robert Jackson
DDemocratic/Working Families
Co
Samra Brouk
DDemocratic/Working Families
Co
Siela Bynoe
DDemocratic
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