Relates to false material statements related to a public utility

This bill amends New York's public service law to impose financial penalties on public utility companies and their employees who knowingly submit false information during rate-setting proceedings. Under the new rules, any utility that makes a deceptive statement to the state commission faces a forfeiture penalty of up to $250,000 for each separate offense. The legislation also requires utilities to report any previously submitted false statements to the commission within three business days of discovery, with failure to do so resulting in the same financial penalty. These changes aim to increase accountability and transparency in how public utilities present data during regulatory reviews.