Issuance of Securities and to Enter into Derivative Contracts

NY-ADR

7/8/09 N.Y. St. Reg. PSC-16-09-00022-A
NEW YORK STATE REGISTER
VOLUME XXXI, ISSUE 27
July 08, 2009
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
 
I.D No. PSC-16-09-00022-A
Filing Date. Jun. 23, 2009
Effective Date. Jun. 23, 2009
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 action:
Action taken:
On 6/18/09, the PSC adopted an order authorizing Rochester Gas and Electric Corporation to issue up to $715.4 million of long-term debt, preferred stock, and hybrid securities not later than December 31, 2012 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 authorize RG&E to issue up to $715.4 million of long-term debt, preferred stock, and hybrid securities.
Substance of final rule:
The Commission, on June 18, 2009, adopted an order authorizing Rochester Gas and Electric Corporation to issue up to $715.4 million of long-term debt, preferred stock, and hybrid securities not later than December 31, 2012 and to enter into derivative instruments, subject to the terms and conditions set forth in the order.
Final rule as compared with last published rule:
No changes.
Text of rule may be obtained from:
Leann Ayer, Public Service Commission, Three Empire State Plaza, Albany, New York 12223, (518) 486-2655, email: [email protected] 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.
(09-M-0309SA1)
End of Document