Proposed Debt Financing
NY-ADR
12/9/20 N.Y. St. Reg. PSC-32-20-00013-A
NEW YORK STATE REGISTER
VOLUME XLII, ISSUE 49
December 09, 2020
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
I.D No. PSC-32-20-00013-A
Filing Date. Nov. 20, 2020
Effective Date. Nov. 20, 2020
Proposed Debt Financing
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 11/19/20, the PSC adopted an order approving RED-Rochester, LLC's (RED) petition to enter into a financing arrangement to incur indebtedness up to a maximum amount of $200 million.
Statutory authority:
Public Service Law, sections 2(12), (13), 4(1), 5(2), 65(1), 66(1), (2), (4), (5), 69, 82 and 89-f
Subject:
Proposed debt financing.
Purpose:
To approve RED's petition to enter into a financing arrangement.
Substance of final rule:
The Commission, on November 19, 2020, adopted an order approving RED-Rochester, LLC's petition to enter into a financing arrangement to incur indebtedness up to a maximum amount of $200 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:
John Pitucci, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (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.
(20-M-0316SA1)
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