Requires the public service commission to consider the economic impact of utility rates and charges

Establishes a task force on educator diversity in New York state

Prohibits public utilities from using funds or being reimbursed by funds raised from ratepayers for certain activities

Requires certain utilities to adopt the common equity ratio and rate of return on equity authorized by the public service commission

Relates to periods suspending the operation of certain rate, charge or other changes by utilities, and provisions permitting utilities to retroactively recover revenues they would have earned during such periods