N.Y. Public Service Law 24-B – Notice to be given Long Island power authority prior to rate increase
§ 24-b. Notice to be given Long Island power authority prior to rate increase. 1. Notwithstanding any inconsistent general, special or local law or rule or regulation to the contrary, the commission shall to the extent the Long Island power authority shall so request in any cases or class of cases, relating to a gas or electric corporation operating within the service territory of the authority, give notice to the authority of any filed statement proposing to modify or increase rates, services, schedule of rates or any other rating rule or to adopt or amend any rate or service rules or regulations within five days after the commission shall have received such statement from any gas or electric corporation within the service territory of the Long Island Power authority subject to its jurisdiction; provided, however, that in lieu of giving such notice, the commission may direct that the gas or electric corporation give such notice to the authority.
Terms Used In N.Y. Public Service Law 24-B
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
2. In any such case in which the authority shall file with the commission a statement of intent to be a party, the authority shall have and in its discretion may exercise all the rights and privileges of a party.
3. For the purposes of this section, the term "authority" shall mean the Long Island power authority, the term "commission" shall mean the public service commission.