Disposition of Property Tax Benefits
NY-ADR
8/2/17 N.Y. St. Reg. PSC-45-16-00012-A
NEW YORK STATE REGISTER
VOLUME XXXIX, ISSUE 31
August 02, 2017
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
I.D No. PSC-45-16-00012-A
Filing Date. Jul. 17, 2017
Effective Date. Jul. 17, 2017
Disposition of Property Tax Benefits
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 7/13/17, the PSC adopted an order denying Consolidated Edison Company of New York, Inc. (Con Edison) and Orange & Rockland Utilities, Inc.'s (O&R) joint petition to retain 14% of estimated future property tax savings.
Statutory authority:
Public Service Law, sections 65 and 66
Subject:
Disposition of property tax benefits.
Purpose:
To deny Con Edison and O&R's joint petition to retain 14% of estimated future property tax savings.
Substance of final rule:
The Commission, on July 13, 2017, adopted an order denying Consolidated Edison Company of New York, Inc. and Orange & Rockland Utilities, Inc.'s joint petition to retain 14% of the estimated future property tax savings related to the settlement with the Town of Ramapo, 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:
John Pitucci, 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.
(16-M-0300SA2)
| End of Document |