Deferred Accounting Treatment and Rate Recovery of Unrecovered Property Tax Expenses
NY-ADR
9/23/09 N.Y. St. Reg. PSC-40-08-00017-A
NEW YORK STATE REGISTER
VOLUME XXXI, ISSUE 38
September 23, 2009
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
I.D No. PSC-40-08-00017-A
Filing Date. Sept. 03, 2009
Effective Date. Sept. 03, 2009
Deferred Accounting Treatment and Rate Recovery of Unrecovered Property Tax Expenses
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 8/20/09, the PSC adopted an order approving the Petition of Consolidated Edison Company of New York, Inc. to use deferred accounting in relation to the assessed value increase for special franchise property in the amount of $61.831 million.
Statutory authority:
Public Service Law, section 66
Subject:
Deferred accounting treatment and rate recovery of unrecovered property tax expenses.
Purpose:
To approve a deferred accounting treatment and rate recovery of unrecovered property tax expenses.
Substance of final rule:
The Commission, on August 20, 2009, adopted an order approving the Petition of Consolidated Edison Company of New York, Inc. to use deferred accounting in relation to the assessed value increase for special franchise property in the amount of $61.831 million, 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.
(08-M-0901SA1)
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