New York policy
A11197: Enacts the "fair authorized investment returns act"
NY Assembly · Sponsor Sarahana Shrestha
- Jurisdiction
- New York State
- Applies to
- New York State (proposed)
- Effective
- May 1, 2026
What it requires
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.
ny-stateassemblylegislationbill
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