New York · 2025-2026 session
Status: In committee
Enacts the "fair authorized investment returns act"; sets a default authorized return on equity equal to the ten year US Treasury rate plus two hundred basis points; provides such default authorized return shall reset annually; establishes a competitive equity auction through which the cost of equity for a covered utility may be determined on a market basis, whether initiated by the utility or ordered by the commission.
REFERRED TO ENERGY AND TELECOMMUNICATIONS (2026-05-15)