Transfer of Street Lighting Facilities
NY-ADR
2/23/22 N.Y. St. Reg. PSC-08-22-00005-P
NEW YORK STATE REGISTER
VOLUME XLIV, ISSUE 8
February 23, 2022
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-08-22-00005-P
Transfer of Street Lighting Facilities
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:
Proposed Action:
The Commission is considering a petition filed by Niagara Mohawk Power Corporation d/b/a National Grid to transfer certain street lighting facilities in the City of Saratoga Springs to the City of Saratoga Springs.
Statutory authority:
Public Service Law, sections 5, 65, 66 and 70(1)
Subject:
Transfer of street lighting facilities.
Purpose:
To determine whether to authorize the transfer street of lighting facilities and the proper accounting for the transaction.
Substance of proposed rule:
The Public Service Commission (Commission) is considering a petition filed on January 31, 2022 by Niagara Mohawk Power Corporation d/b/a National Grid (National Grid), requesting authorization to transfer certain street lighting facilities located in the City of Saratoga Springs (City) to the City.
The original cost of the facilities was approximately $1,093,597 and the net book value of the assets is $513,699, as of November 30, 2021. National Grid proposes to transfer the street lighting facilities to the City for approximately $506,567, which reflects the net book value of the assets, transition and transaction costs, and a one-time price reduction of $58,513 that will be fully absorbed by shareholders. National Grid explains that the agreement between it and the City provides that the purchase price will be adjusted (up or down) to reflect the actual net book value at the date of the closing.
The full text of the petition and the full record of the proceeding may be viewed online at the Department of Public Service web page: www.dps.ny.gov. The Commission may adopt, reject, or modify, in whole or in part, the action proposed and may resolve related matters.
Text of proposed rule and any required statements and analyses may be obtained by filing a Document Request Form (F-96) located on our website http://www.dps.ny.gov/f96dir.htm. For questions, contact:
John Pitucci, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 486-2655, email: [email protected]
Data, views or arguments may be submitted to:
Michelle L. Phillips, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-6530, email: [email protected]
Public comment will be received until:
60 days after publication of this notice.
Regulatory Impact Statement, Regulatory Flexibility Analysis, Rural Area Flexibility Analysis and Job Impact Statement
Statements and analyses are not submitted with this notice because the proposed rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.
(22-E-0069SP1)
| End of Document |