The Issuance of a $150,000 Loan to Finance Water System Upgrades
NY-ADR
11/25/09 N.Y. St. Reg. PSC-47-09-00007-P
NEW YORK STATE REGISTER
VOLUME XXXI, ISSUE 47
November 25, 2009
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-47-09-00007-P
The Issuance of a $150,000 Loan to Finance Water System Upgrades
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 the petition of Garrow Water Works Company, Inc. requesting approval of a loan agreement with TD Bank, N.A. in the amount of $150,000 to finance water system upgrades.
Statutory authority:
Public Service Law, sections 89-b(1), 89-c and 89-h
Subject:
The issuance of a $150,000 loan to finance water system upgrades.
Purpose:
Consideration of approval for a loan of $150,000 to finance water system upgrades.
Text of proposed rule:
On October 27, 2009, Garrow Water Works Company, Inc. (the company) filed a petition requesting Public Service Commission approval to enter into a financing agreement of approximately $150,000 with TD Bank, N.A., in order to make water system improvements, and to institute a customer surcharge to support the financing. The company provides unmetered water service to 47 residential customers located in the Town of Schuyler Falls, Clinton County. The Commission may approve or reject, in whole or in part, or modify the company’s petition.
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-W-0775SP1)
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