PSC NY

Definition

The Public Service Commission (PSC) of New York regulates the state's electric, gas, steam, telecommunications, and water utilities. It also oversees the cable industry.

Purpose

The purpose of the PSC is to ensure that utility services are provided at reasonable rates and that the utilities operate safely, reliably, and efficiently. The PSC also aims to protect consumer interests and promote environmental sustainability.

Examples of Use

• The PSC sets rates for electricity and natural gas services to ensure they are fair and reasonable.
• The commission investigates utility service outages and requires corrective actions.
• The PSC enforces regulations on telecommunications companies to ensure reliable and affordable services.

Related Terms

• Utility Regulation: The oversight and control of utility companies by a governing body.
• Rate Setting: The process of determining the rates charged by utility companies.
• Consumer Protection: Efforts and laws to safeguard the interests of consumers.

Notes

The PSC plays a crucial role in balancing the needs of consumers and utility companies, ensuring reliable and affordable services while promoting sustainable practices.