New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: May 1, 2026.
Enacts the "fair authorized investment returns act".
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, 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.
| Date | Event | Detail |
|---|---|---|
| 2026-05-01 | Introduced | Bill introduced |
| 2026-05-01 | Status | in_committee |
| 2026-05-01 | Latest Action | In Assembly Committee |