RY2 Revenue and Property Tax Reconciliation Filings

NY-ADR

11/6/19 N.Y. St. Reg. PSC-28-19-00004-A
NEW YORK STATE REGISTER
VOLUME XLI, ISSUE 45
November 06, 2019
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
 
I.D No. PSC-28-19-00004-A
Filing Date. Oct. 21, 2019
Effective Date. Oct. 21, 2019
RY2 Revenue and Property Tax Reconciliation Filings
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 10/17/19, the PSC adopted an order approving, with modification, New York American Water Company, Inc.'s (NYAW) Rate Year 2 (RY2) Revenue and Property Tax Reconciliation filings for Service Area 1 and 2.
Statutory authority:
Public Service Law, section 89-c
Subject:
RY2 Revenue and Property Tax Reconciliation filings.
Purpose:
To approve, with modifications, NYAW's RY2 Revenue and Property Tax Reconciliation filings.
Substance of final rule:
The Commission, on October 17, 2019, adopted an order approving, with modification, New York American Water Company, Inc.'s (NYAW) Rate Year Revenue and Property Tax Reconciliation filings for Service Area 1 and 2. NYAW is authorized to collect the following surcharges over a 12-month period for deferred costs associated with Revenue, Production Costs and Property Tax Reconciliation: 1) 6.47% for Service Area 1; 2) 5.57% for Service Area 2 – Merrick; and 3) 4.78% for Service Area 2 – Sea Cliff, commencing November 1, 2019, to recover under-collections of $4,500,684, $1,719,063, and $210,082, respectively, 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.
(16-W-0259SA10)
End of Document