Requires electric corporations, gas corporations, steam corporations and water-works corporations to adopt the common equity ratio and rate of return on equity authorized by the public service commission unless such utility can successfully demonstrate that such authorized rates do not meet their capital and/or operating needs.

New York Assembly Bill A01028 requires utility companies—such as those providing electricity, gas, steam, and water—to use the equity ratios and return on equity rates set by the Public Service Commission. If a utility believes these rates don't cover their capital or operating costs, they must prove it to the Commission.

While specific media coverage on A01028 is limited, proponents likely argue that the bill ensures utilities operate within standardized financial parameters, promoting fairness and preventing excessive rates for consumers.

Opponents might contend that the bill could restrict utilities' financial flexibility, potentially hindering their ability to invest in infrastructure or respond to unforeseen expenses, which could impact service quality.