To Obtain a Letter of Credit and Increase the Currently Capped Debt
NY-ADR
10/18/17 N.Y. St. Reg. PSC-42-17-00009-P
NEW YORK STATE REGISTER
VOLUME XXXIX, ISSUE 42
October 18, 2017
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-42-17-00009-P
To Obtain a Letter of Credit and Increase the Currently Capped Debt
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 a petition from Rensselaer Generating LLC and Roseton Generating LLC (Petitioners) seeking approval to obtain a letter of credit and increase the currently capped debt secured by their assets.
Statutory authority:
Public Service Law, sections 2(12), 13, 5(1)(b), 69 and 70
Subject:
To obtain a letter of credit and increase the currently capped debt.
Purpose:
To consider the Petitioner's request for a letter of credit and increase the currently capped debt.
Substance of proposed rule:
The New York State Public Service Commission (Commission) is considering a petition filed by Rensselaer Generating LLC and Roseton Generating LLC (collectively, the Petitioners) requesting that they be authorized to obtain a letter of credit and increase to $375 million the currently capped debt secured by their New York assets. The assets to be used as security include the approximately 80 MW electric generating facility that Rensselaer Generating LLC owns in Rensselaer, New York, as well as the approximately 1,160 MW electric generating facility that Roseton Generating LLC owns in Newburgh, New York. The full text of the petition may be reviewed online at the Department of Public Service web page: www.dps.ny.gov. The Commission may adopt, reject, or modify, in whole or in part, the relief proposed and may resolve related matters.
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.ny.gov/f96dir.htm. For questions, contact:
John Pitucci, 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:
Kathleen H. Burgess, 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.
(17-E-0545SP1)
| End of Document |