Issuance of Securities
NY-ADR
9/2/09 N.Y. St. Reg. PSC-35-09-00011-P
NEW YORK STATE REGISTER
VOLUME XXXI, ISSUE 35
September 02, 2009
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-35-09-00011-P
Issuance of Securities
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 an amendment to the March 12, 2009 Order for Consolidated Edison Company of New York, Inc. (the Company) whereby the Company requests permission to issue and sell new preferred securities.
Statutory authority:
Public Service Law, section 69
Subject:
Issuance of securities.
Purpose:
To permit the Company to issue and sell preferred stock.
Text of proposed rule:
The Commission is considering whether to approve or reject, in whole or in part, a Petition by Consolidated Edison Company of New York, Inc. to amend Order Clause 1 of the Commission’s March 12, 2009 order to read in its entirety as follow’s: "Consolidated Edison Company of New York, Inc. is authorized to issue and sell, in one or more transactions, not later than December 31, 2012, up to a total of $4.8 billion of its securities, of which up to $550 million may be its Cumulative Preferred Stock ($100 par value) and up to $4.8 billion less the amount of any such preferred stock actually issued and sold pursuant to this Order may be its unsecured debt."
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.
(08-M-1244SP2)
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