Bill Commons

NY A 11197

in committee

Enacts the "fair authorized investment returns act"

New York · 2025-2026 Regular Session · lower

Quick answers

Did NY A 11197 pass?

Not yet. NY A 11197 is in committee as of 2026-05-01 and has not come to a final vote. Latest recorded action (2026-05-01): REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

What is NY A 11197 about?

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.

Who sponsors NY A 11197?

Sarahana Shrestha is the primary sponsor of NY A 11197.

Description

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.

Introduced
—
Latest action
2026-05-01 — REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
Bill type
bill
Last updated
—

Sponsors

  • Sarahana Shresthaprimary

Committees

Not provided by source.

Action timeline

  1. 2026-05-01

    REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/A11197?summary=&detail=

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

Use this data

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