Bill Text: NY A04411 | 2019-2020 | General Assembly | Introduced


Bill Title: Requires the public service commission to retain an independent auditor to conduct audits of private water utility companies prior to and after rate changes are approved by the public service commission.

Spectrum: Bipartisan Bill

Status: (Introduced) 2019-02-04 - referred to corporations, authorities and commissions [A04411 Detail]

Download: New_York-2019-A04411-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          4411
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 4, 2019
                                       ___________
        Introduced  by  M. of A. MONTESANO, LAVINE, RA, M. G. MILLER, McDONOUGH,
          ABINANTI -- Multi-Sponsored by -- M. of A. BRABENEC -- read  once  and
          referred to the Committee on Corporations, Authorities and Commissions
        AN  ACT  to  amend  the public service law, in relation to requiring the
          public service commission retain an  independent  auditor  to  conduct
          audits  of  private  water  utility  companies prior to and after rate
          changes are approved by the public service commission
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 10 of section 89-c of the public service law is
     2  amended by adding a new paragraph (b-1) to read as follows:
     3    (b-1) Prior to the approval by the commission of a change by a private
     4  water  utility company in any rate or charge, or in any form of contract
     5  or agreement or any rule or regulation relating to any rate,  charge  or
     6  service, or in any general privilege or facility, the commissioner shall
     7  retain  a  third-party auditor to conduct an audit of such private water
     8  utility company and provide his or her findings  to  the  commission  in
     9  writing.  The  third-party  auditor  shall  not  be  affiliated with the
    10  commission or with any member of the public service commission.  In  the
    11  event  of  approval  by  the  commission of any such change by a private
    12  water utility company in rate or charge, or in any form of  contract  or
    13  agreement  or  any  rule  or  regulation relating to any rate, charge or
    14  service, or in any general privilege or facility, the independent  audi-
    15  tor  shall  conduct  a second audit of the private water utility company
    16  one year after the change takes effect. The commission shall publish the
    17  results of all such audits on its website.
    18    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05547-01-9
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