Establishes the "small water utility transparency act"; requires the public service commission and the department of environmental conservation to conduct audits of certain private water companies; requires certain private water companies which are under certain investigations to file public updates on the status of compliance with such orders.
Summary
Bill A07366, known as the "small water utility transparency act," aims to enhance the oversight of private water companies in New York with gross annual revenues below $250,000. It mandates the Public Service Commission (PSC) and the Department of Environmental Conservation (DEC) to conduct comprehensive audits of these companies every three to five years. The audits will assess compliance with water safety regulations, financial stability, management effectiveness, and the adequacy of water supply. Additionally, companies under investigation must provide regular public updates on their compliance status.
Impact
The bill will amend the Public Service Law, Environmental Conservation Law, and State Finance Law to establish new auditing requirements for small private water companies. This will create a framework for increased transparency and accountability, potentially leading to improved water quality and safety standards. The collaboration between the PSC and DEC will streamline the auditing process and ensure that both financial and environmental aspects are considered in the oversight of these companies.
Sentiment
The sentiment surrounding Bill A07366 appears to be generally positive, as it addresses concerns about transparency and accountability in the management of small water utilities. Stakeholders recognize the importance of ensuring safe and adequate water supply, particularly in underserved areas. However, there may be some apprehension regarding the regulatory burden on small companies and the potential costs associated with compliance.
Contention
Notable points of contention may arise from small water companies concerned about the financial implications of the mandated audits and compliance requirements. Some stakeholders may argue that the costs of compliance could disproportionately affect smaller utilities, potentially leading to increased rates for consumers. Conversely, proponents of the bill emphasize the necessity of ensuring safe drinking water and the importance of regulatory oversight to protect public health.
Same As
Establishes the "small water utility transparency act"; requires the public service commission and the department of environmental conservation to conduct audits of certain private water companies; requires certain private water companies which are under certain investigations to file public updates on the status of compliance with such orders.
Establishes the "small water utility transparency act"; requires the public service commission and the department of environmental conservation to conduct audits of certain private water companies; requires certain private water companies which are under certain investigations to file public updates on the status of compliance with such orders.
Establishes the "small water utility transparency act"; requires the public service commission and the department of environmental conservation to conduct audits of certain private water companies; requires certain private water companies which are under certain investigations to file public updates on the status of compliance with such orders.
Requires the public service commission to retain an independent auditor to conduct audits of private water utility companies prior to and after rate changes are approved by the public service commission.
An Act Requiring The Public Utilities Regulatory Commission To Report On The Review Process For Certain Water Companies That Request To Cease Operations.