What happened as a result of the commission gas and electricity in New York?

The PSC has a long history, dating back to the late 19th century when the state legislature first established a commission to regulate the rates of gas and electric companies. Over time, the PSC's powers and responsibilities have expanded to include regulating telecommunications companies.

The PSC is a quasi-judicial body, which means that it has the power to hold hearings and issue orders that are binding on the companies it regulates. The PSC also has the authority to investigate complaints from customers and to take action to resolve those complaints.

In recent years, the PSC has been involved in several high-profile cases, including the regulation of the prices charged by electric and gas companies, and the establishment of a statewide telecommunications network. The PSC has also been involved in the development of renewable energy projects and the promotion of energy efficiency.

The PSC is an important part of the New York State government, and it plays a vital role in protecting the interests of consumers and ensuring that the state's energy and telecommunications markets function properly.

Here are some specific examples of what the PSC has done to protect consumers:

- In 2018, the PSC ordered Consolidated Edison to reduce its electric rates by $1.5 billion. This was the largest rate reduction in the history of the state.

- In 2019, the PSC approved a settlement with National Grid that resulted in a refund of $25 million to customers who were overcharged for gas service.

- In 2020, the PSC launched an investigation into the rates charged by Verizon. The investigation is ongoing, but the PSC has already taken steps to reduce Verizon's rates.

The PSC is committed to protecting the interests of consumers, and it will continue to take action to ensure that the state's energy and telecommunications markets function properly.