I doubt the specific, current NYS problem has been studied, but for more general references, here's a recent paper I've perused, and don't forget LIPA / Shoreham, where the brunt of the write-downs were rate-based and are to this day. https://www.sciencedirect.com/science/article/pii/S0140988317302232 …https://twitter.com/bobwyman/status/1071514646467788801 …
Paper says:: "Under economic regulation, prices rise to offset volumetric losses ... a destructive price spiral can ensue." Without a process of managed de-capitalization for gas utilities, a death-spiral will soon come to states, like New York, that have GHG reduction goals.
