Financing by Emkey for a Total of $11.0 Million
NY-ADR
8/1/12 N.Y. St. Reg. PSC-20-12-00008-A
NEW YORK STATE REGISTER
VOLUME XXXIV, ISSUE 31
August 01, 2012
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
I.D No. PSC-20-12-00008-A
Filing Date. Jul. 13, 2012
Effective Date. Jul. 13, 2012
Financing by Emkey for a Total of $11.0 Million
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 7/12/12, the PSC adopted an order approving the petition of Emkey Gathering LLC and Emkey Transportation, Inc. (collectively, Emkey) for financing of up to $8,000,000 in a revolving credit loan and $3,000,000 in a term loan, for a total of $11.0 million.
Statutory authority:
Public Service Law, section 69
Subject:
Financing by Emkey for a total of $11.0 million.
Purpose:
To approve financing by Emkey for a total of $11.0 million.
Substance of proposed rule:
The Commission, on July 12, 2012 adopted an order approving the petition of Emkey Gathering LLC (Emkey LLC) and Emkey Transportation, Inc. (Emkey Corp) (collectively, Emkey), for financing under Public Service Law § 69, of up to $8,000,000 in a revolving credit loan and $3,000,000 in a term loan, for a total financing of $11.0 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:
Leann Ayer, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223, (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.
(12-G-0196SA1)
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