S 9534 New York Senate · 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 & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2026

Committee Review

Floor Vote

Governor

Introduced Mar 20, 2026 Last action Mar 27, 2026

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What changed between versions

S9534 → S9534A · 2 edits

MINOR

The bill was amended to add a one percent surcharge to the maximum allowable return on equity for capital projects. The bill was also reprinted as amended after being discharged from committee, indicating it has moved forward in the legislative process.

Scope change

The bill's scope remains the same, but the financial threshold for rate increases has been modified.

REQUIREMENT

The maximum return on equity for capital projects was increased from the prevailing ten-year treasury rate to that rate plus one percent.

TIMELINE

The bill was amended and reprinted after committee review, with the effective date provision extended to include 'on or before such effective date' for rule implementation.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 27, 2026

Upper · Passed

PRINT NUMBER 9534A

upper

Mar 27, 2026

Upper · Passed

AMEND AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS

upper

Mar 20, 2026

Committee

REFERRED TO ENERGY AND TELECOMMUNICATIONS

upper

1 primary · 0 co-sponsors