Transfer of Real Property
NY-ADR
9/8/21 N.Y. St. Reg. PSC-36-21-00005-P
NEW YORK STATE REGISTER
VOLUME XLIII, ISSUE 36
September 08, 2021
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-36-21-00005-P
Transfer of Real Property
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 filed by KeySpan East Gas Corporation d/b/a National Grid for authorization to transfer property located at 29 Community Road, Bay Shore, New York to East Coast Imperial Properties LLC.
Statutory authority:
Public Service Law, sections 5, 65, 66 and 70(1)
Subject:
Transfer of real property.
Purpose:
To determine whether to authorize the transfer of real property and the proper accounting for the transaction.
Substance of proposed rule:
The Public Service Commission (Commission) is considering a petition filed on August 13, 2021 by KeySpan Gas East Corporation d/b/a National Grid (KEDLI or the Company), requesting authorization to transfer certain real property located at 29 Community Road, Bay Shore, New York (Property) to East Coast Imperial Properties LLC (East Coast or the Purchaser). The property consists of approximately 0.27 acres of land, identified on the Suffolk County Tax Map as District 0500, Section 392.00, Block 03.00, Lot 042.000. KEDLI requests the Commission’s authorization to proceed with the transaction pursuant to Public Service Law § 70, as the original cost of the proposed assets to be transferred is greater than $100,000.
Based on plant records, KEDLI represents the original book cost of the property is approximately $493,730 as of June 2010, with a net book value of zero dollars. The Company proposes to sell the property to East Coast for $400,000. KEDLI states that the proposed transfer is in the public interest due to the following reasons: (1) the Company used a competitive bidding process to ensure that the purchase price of the Property would reflect its fair market value; (2) the proposed transfer will financially benefit its customers since the net proceeds will be applied to the historic environmental cost deferral account; and (3) the transfer will not affect the Company’s ability to provide safe, reliable, and adequate gas service to customers in the immediate vicinity of the Property and throughout the Company’s service territory.
The full text of the petition and the full record of the proceeding 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 action 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:
Michelle L. Phillips, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-6517, email: [email protected]
Public comment will be received until:
60 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.
(21-G-0446SP1)
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