STATE OF NEW YORK ________________________________________________________________________ 1544--A 2021-2022 Regular Sessions IN SENATE January 13, 2021 ___________ Introduced by Sen. KAMINSKY -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the public service law and the public authorities law, in relation to requiring a compensation statement to be filed by certain gas corporations, electric corporations, water-works corpo- rations and service providers The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The public service law is amended by adding a new section 2 111-a to read as follows: 3 § 111-a. Additional information in annual reports; disclosure of 4 compensation. 1. Any gas corporation, electric corporation, water-works 5 corporation, or service provider with a gross annual operating revenue 6 of more than one million dollars shall prepare and file with the depart- 7 ment, on or before October thirty-first of each year, a compensation 8 statement showing for the preceding calendar year: 9 a. the names, titles, and duties of all executive officers and the 10 compensation received by each such executive officer. For purposes of 11 this section "executive officer" includes the president, secretary, 12 treasurer, and vice president in charge of a principal business unit, 13 division or function of such gas corporation, electric corporation, 14 water-works corporation or service provider; or any other officer who 15 performs a policy making function, or any other person who performs 16 similar policy making functions for such gas corporation, electric 17 corporation, water-works corporation, or service provider who receives a 18 compensation at the rate of one hundred twenty-five thousand dollars or 19 more per annum; and 20 b. the proportion of the compensation disclosed in paragraph a of this 21 subdivision, that is paid, directly or indirectly, by the ratepayers. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01236-02-1S. 1544--A 2 1 2. Any gas corporation, electric corporation, water-works corporation, 2 or service provider with a gross annual operating revenue of more than 3 one million dollars shall provide a compensation statement for six years 4 preceding the effective date of this section. Such report shall contain 5 the information specified in subdivision one of this section. 6 3. The compensation statement for each such gas corporation, electric 7 corporation, water-works corporation or service provider shall be made 8 publicly available on the department's website. 9 § 2. Section 1020-f of the public authorities law, as added by chapter 10 517 of the laws of 1986, is amended by adding a new subdivision (ii) to 11 read as follows: 12 (ii) The authority and the service provider shall assist and cooperate 13 with the department of public service with respect to providing any data 14 or information necessary to comply with section one hundred eleven-a of 15 the public service law. 16 § 3. This act shall take effect immediately.