Authorizing NFG to Issue Up to $100 Million in Promissory Notes
NY-ADR
12/3/14 N.Y. St. Reg. PSC-31-14-00005-A
NEW YORK STATE REGISTER
VOLUME XXXVI, ISSUE 48
December 03, 2014
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
I.D No. PSC-31-14-00005-A
Filing Date. Nov. 14, 2014
Effective Date. Nov. 14, 2014
Authorizing NFG to Issue Up to $100 Million in Promissory Notes
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 11/13/14, the PSC adopted an order authorizing National Fuel Gas Distribution Corp. (NFG) to issue promissory notes up to $100 million and to enter into derivative instruments through December 31, 2017.
Statutory authority:
Public Service Law, section 69
Subject:
Authorizing NFG to issue up to $100 million in promissory notes.
Purpose:
To authorize NFG to issue up to $100 million in promissory notes.
Substance of final rule:
The Commission, on November 13, 2014, adopted an order authorizing National Fuel Gas Distribution Corporation to issue and sell, no later than December 31, 2017, up to $100 million of promissory notes, 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:
Deborah Swatling, Public Service Commission, Three Empire State Plaza, Albany, New York 12223, (518) 486-2659, 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.
(14-G-0228SA1)
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