Bill
S 1629
Overview: S 1629, "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
Overview: S 1629, "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", was referred to the Energy and Telecommunications committee on May 06, 2025.
Purpose and Intent: The bill aims to reduce the assessment rate that utilities must pay to cover the costs and expenses of the Department of Public Service and the Public Service Commission from 1% to 0.33%.
Key Provisions:
- Decreases the assessment rate on utilities from 1% to 0.33% of their gross revenues
- Applies the reduced assessment rate to the costs and expenses of the Department of Public Service and the Public Service Commission
Affected Parties and Impacts: Utility companies would be directly affected by the reduced assessment rate, potentially leading to lower operating costs and potentially lower consumer rates. The Department of Public Service and Public Service Commission may see reduced funding for their operations.
Procedural and Timeline Considerations: The bill has been referred to the Energy and Telecommunications committee and its next steps are pending further legislative action.
Compiled from official sources — confirm details with the bill’s official record.
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