Relates to false material statements related to a public utility

This bill amends New York's public service law to penalize public utility companies and their employees for knowingly submitting false information during rate-setting proceedings. Under the new rules, any individual or entity caught making such false statements faces a fine of up to $250,000, with each separate lie counted as a distinct offense. The legislation also requires utilities to report any previously submitted false statements to the commission within three business days of discovering the error. Failure to disclose these mistakes results in the same financial penalties as the original deception.