Issuance of Securities and to Enter into Derivative Contracts
NY-ADR
4/22/09 N.Y. St. Reg. PSC-16-09-00022-P
NEW YORK STATE REGISTER
VOLUME XXXI, ISSUE 16
April 22, 2009
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-16-09-00022-P
Issuance of Securities and to Enter into Derivative Contracts
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 of Rochester Gas and Electric Corporation authorizing the issuance of long-term indebtedness, preferred stock and hybrid securities and to enter into derivative instruments.
Statutory authority:
Public Service Law, section 69
Subject:
Issuance of securities and to enter into derivative contracts.
Purpose:
To permit Rochester Gas and Electric Corporation to finance transactions for purposes authorized under PSL Section 69.
Substance of proposed rule:
The Public Service Commission is considering whether to approve or deny in whole or in part a petition of Rochester Gas and Electric Corporation authorizing the issuance of long-term indebtedness, preferred stock and hybrid securities and to enter into derivative instruments to manage interest rate risk.
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.
(09-M-0309SP1)
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