Reduces the amount a utility can be assessed for costs and expenses of the department of public service and the public service commission from one percent to one-third of one percent

Summary

The bill lowers the maximum fee that New York public utilities and the Long Island Power Authority can be charged for Department of Public Service and Public Service Commission expenses. The cap drops from one percent of gross operating revenue to one‑third of one percent, with a special rule for telephone companies. It takes effect immediately and is currently referred to a committee.

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