Bill Commons

NY S 10424

in committee

Enacts the "fair authorized investment returns act"

New York · 2025-2026 Regular Session · upper

Quick answers

Did NY S 10424 pass?

Not yet. NY S 10424 is in committee as of 2026-05-15 and has not come to a final vote. Latest recorded action (2026-05-15): REFERRED TO ENERGY AND TELECOMMUNICATIONS

What is NY S 10424 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 S 10424?

Shelley Mayer is the primary sponsor of NY S 10424.

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
2026-05-15 — REFERRED TO ENERGY AND TELECOMMUNICATIONS
Bill type
bill
Last updated
—

Sponsors

  • Shelley Mayerprimary

Committees

Not provided by source.

Action timeline

  1. 2026-05-15

    REFERRED TO ENERGY AND TELECOMMUNICATIONS

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/S10424?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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