Issuance of Common Stock by Corning Natural Gas Corporation
NY-ADR
4/18/07 N.Y. St. Reg. PSC-04-07-00015-A
NEW YORK STATE REGISTER
VOLUME XXIX, ISSUE 16
April 18, 2007
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
I.D No. PSC-04-07-00015-A
Filing Date. Apr. 02, 2007
Effective Date. Apr. 02, 2007
Issuance of Common Stock by Corning Natural Gas Corporation
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
The commission, on March 21, 2007, approved the petition of Corning Natural Gas Corporation to have increased flexibility in the terms by which it was previously authorized to issue common stock including attaching warrants to the shares.
Statutory authority:
Public Service Law, section 69
Subject:
Issuance of common stock.
Purpose:
To allow increased flexibility in the terms to issue the common stock already authorized in a prior order issued on Jan. 23, 2003.
Substance of final rule:
The Commission adopted an order approving the petition of Corning Natural Gas Corporation to allow increased flexibility in the terms to issue common stock already authorized in a prior order issued on January 23, 2003, subject to the terms and conditions of the order.
Final rule compared with proposed rule:
No changes.
Text of rule may be obtained from:
Central Operations, Public Service Commission, Bldg. 3, 14th Fl., Empire State Plaza, Albany, NY 12223-1350, by fax to (518) 474-9842, by calling (518) 474-2500. An IRS employer ID no. or social security no. is required from firms or persons to be billed 25 cents per page. Please use tracking number found on last line of notice in requests.
Assessment of Public Comment
An assessment of public comment is not submitted with this notice because the rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.
(02-G-1106SA3)
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