New York · 2025 Regular Session · Bill
S 10424: Enacts the "fair authorized investment returns act"
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 10424 is a bill introduced in the New York Senate on May 15, 2026. According to its official title, it concerns: Enacts the "fair authorized investment returns act". Primary sponsor: Shelley Mayer (Democratic/Working Families). Most recent recorded action (May 15, 2026): REFERRED TO ENERGY AND TELECOMMUNICATIONS.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Democratic/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Shelley Mayer | Primary sponsor | Democratic/Working Families | Senate | 37 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO ENERGY AND TELECOMMUNICATIONS