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S 7229

Increases the penalties imposed upon gas and electric utilities for failure to file or correct an annual report with the public service commission

2025 Regular Session Introduced by Mike Gianaris and 1 co-sponsor

Increases penalties for gas/electric utilities that fail to file or correct annual PSC reports, giving the PSC stronger enforcement and improving reporting for consumers.

REFERRED TO ENERGY AND TELECOMMUNICATIONS
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Bill Summary · S 7229

Bill Summary: S 7229 (New York Senate)

Overview

S 7229 seeks to increase the penalties imposed on gas and electric utilities for failing to file or for failing to timely correct an annual report with the Public Service Commission (PSC). The bill is currently in the legislative process and has been referred to the Energy and Telecommunications Committee.

What the bill would do

  • Elevates penalties for two specific compliance failures by utilities regulated by the PSC:
    • Failure to file the required annual report.
    • Failure to correct the annual report after notification or within a specified timeframe.
  • The bill would establish a heightened enforcement framework to enhance accountability and improve the accuracy and timeliness of annual reporting to the PSC.
  • Details on the exact penalty amounts, per-violation versus per-day penalties, and any exemptions or procedural steps would be specified in the text of the bill.

Who would be affected

  • Primary: Gas and electric utilities regulated by the Public Service Commission.
  • Secondary: The PSC (through increased enforcement authority) and, by extension, consumers and ratepayers who rely on robust utility reporting for oversight and information.

Procedural and timeline aspects

  • Introduced: April 4, 2025.
  • Status: Referred to the Energy and Telecommunications Committee.
  • Legislative actions show multiple entries on the same date indicating the bill was referred to the committee (two entries on 2025-04-04).

Sponsorship and related measures

  • Primary sponsor: Michael Gianaris.
  • Co-sponsor: Liz Krueger.
  • Related bills from prior sessions (indicating ongoing interest in this policy area): S 2482, S 608, S 4230, S 3234, S 2154, S 1244, S 172. These may reflect prior iterations or companion proposals addressing PSC reporting and penalties.

Potential implications and considerations

  • Compliance: Utilities would face stronger incentives to submit accurate annual reports on time, potentially reducing delays and data gaps.
  • Costs: Utilities may incur higher administrative or legal costs to ensure timely and accurate reporting; penalties could be monetary fines or other enforcement mechanisms defined in the bill.
  • Oversight: The PSC would have enhanced leverage to enforce reporting requirements, potentially increasing regulatory oversight.

Next steps

  • Monitor committee deliberations in the Energy and Telecommunications Committee for amendments, the exact penalty structure, and any sunset or review provisions.
  • If advanced, watch for floor votes and any comparative provisions with related bills from prior sessions.

Compiled from official sources — confirm details with the bill’s official record.

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