Ability to Set Rates and Approval of Stocks, Bonds and Other Forms of Indebtedness for a Water-...
NY-ADR
5/23/12 N.Y. St. Reg. PSC-21-12-00014-P
NEW YORK STATE REGISTER
VOLUME XXXIV, ISSUE 21
May 23, 2012
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-21-12-00014-P
Ability to Set Rates and Approval of Stocks, Bonds and Other Forms of Indebtedness for a Water-Works Corporation
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 whether to accept, reject or modify a petition from Gipsy Trail Club, Inc., for approval of a $460,000 loan from the Environmental Facilities Corporation and authorization for a customer surcharge to pay for the loan.
Statutory authority:
Public Service Law, sections 89c and 89f
Subject:
Ability to set rates and approval of stocks, bonds and other forms of indebtedness for a water-works corporation.
Purpose:
Approval of loan and customer surcharge.
Substance of proposed rule:
On April 26, 2012, Gipsy Trail Club, Inc. submitted a petition requesting Commission approval for a Drinking Water State Revolving Fund loan from the Environmental Facilities Corporation (EFC) in the amount of $460,000 to finance certain improvements to its privately owned water system. This petition also seeks approval by the Commission for a revenue surcharge in an amount sufficient to cover the debt service related to the EFC loan. The Commission may approve, modify or reject, in whole or in part, the petition of Gipsy Trail Club, Inc. and may resolve related matters, and may take this action for other utilities.
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.state.ny.us/f96dir.htm. For questions, contact:
Leann Ayer, 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:
Jaclyn A. Brilling, 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:
45 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.
(12-W-0207SP1)
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