Requires the public service commission to develop a formula for the calculation of a residential water cost index; requires each water-works corporation and municipal water system serving one thousand customers or more to calculate and submit to the public service commission its residential water cost index; requires the public service commission to publish a report on the residential water cost index of each applicable water-works corporation and municipal water system.
Summary
Bill A02430 aims to amend the public service law by requiring the public service commission (PSC) to develop a formula for calculating a residential water cost index. This index will reflect the annual cost of water for an average single-family household served by water-works corporations or municipal water systems that serve 1,000 customers or more. The PSC will be responsible for publishing this formula and ensuring that water providers calculate and submit their residential water cost index annually. Furthermore, the PSC will publish a report comparing these indexes across the state, providing transparency and insights into water costs.
Impact
The implementation of this bill will create a standardized method for calculating residential water costs, which could lead to more equitable pricing structures across different regions and providers. It will affect all water-works corporations and municipal water systems with over 1,000 customers, mandating them to submit their calculations to the PSC. This change aims to enhance consumer awareness and potentially influence pricing policies in the water sector, as the published reports will provide comparative data that could drive competition and accountability.
Sentiment
The sentiment surrounding Bill A02430 appears to be generally favorable, as evidenced by the committee vote where 18 members supported it compared to 8 opposing votes. The discussions, although not detailed in transcripts, likely reflect a recognition of the need for transparency in water pricing and the benefits of having a standardized index for consumers.
Contention
Notable points of contention may arise from water providers concerned about the administrative burden of calculating and submitting the residential water cost index annually. Some may argue that the requirements could lead to increased operational costs, which could ultimately be passed on to consumers. Additionally, there may be differing opinions on the factors that should be included in the cost index calculation, with some stakeholders advocating for more comprehensive measures than others.
Requires the public service commission to develop a formula for the calculation of a residential water cost index; requires each water-works corporation and municipal water system serving one thousand customers or more to calculate and submit to the public service commission its residential water cost index; requires the public service commission to publish a report on the residential water cost index of each applicable water-works corporation and municipal water system.
Relating to certain municipal regulation of certain mixed-use and multifamily residential development projects and conversion of certain commercial buildings to mixed-use and multifamily residential occupancy.