Suit was for late charges on unpaid gas and electric bills. Special Term granted summary judgment for the second category only. The charge imposed for late payments is neither a penalty nor a service charge, is neither unreasonable nor other than compensatory, nor is it excessive as to the practice of compounding by adding outstanding interest for each period to the prior debt. In any event, its reasonableness is for the Public Service Commission to decide. (Cardone v...
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