Authorizes and directs the public service commission to establish rules to limit a utility's ability to recover its direct or indirect costs associated with its attendance in, participation in, preparation for, or appeal of any rate proceeding conducted before the commission.

This bill requires the New York Public Service Commission to create rules that limit how much utility companies can charge customers for costs related to their participation in rate hearings. This includes costs for attending, preparing for, or appealing these hearings. The goal is to prevent utilities from passing on these expenses to consumers.

Supporters of the bill argue that it protects consumers from unjust costs imposed by utility companies during rate proceedings. They believe it promotes fairness and accountability, ensuring that utilities cannot unfairly burden customers with expenses that should be absorbed by the companies themselves.

Critics of the bill contend that it could hinder the ability of utility companies to effectively participate in rate proceedings. They argue that limiting cost recovery may discourage utilities from engaging fully in the process, potentially leading to less transparency and poorer outcomes for consumers in the long run.