Petition for Transfer of Property

NY-ADR

8/3/22 N.Y. St. Reg. PSC-04-22-00003-A
NEW YORK STATE REGISTER
VOLUME XLIV, ISSUE 31
August 03, 2022
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
 
I.D No. PSC-04-22-00003-A
Filing Date. Jul. 15, 2022
Effective Date. Jul. 15, 2022
Petition for Transfer of Property
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 7/14/22, the PSC adopted an order approving Emerald Green Lake Louise Marie Water Company, Inc. (Emerald Green) and The Center For Discovery, Inc.'s (CFD) petition for Emerald Green to transfer real property to CFD.
Statutory authority:
Public Service Law, sections 4(1), 5(1)(f), 89-c(1) and 89-h(1)
Subject:
Petition for transfer of property.
Purpose:
To approve the transfer of property from Emerald Green to CFD.
Substance of final rule:
The Commission, on July 14, 2022, adopted an order approving Emerald Green Lake Louise Marie Water Company, Inc. (Emerald Green) and The Center For Discovery, Inc.'s (CFD) petition for Emerald Green to transfer approximately 7.12 acres of real property to CFD. Emerald Green shall record the $21,977 net gain from the sale of tax map parcel 52.-1-2 as a regulatory liability with interest accrued at the pre-tax rate of return until the balance is disposed of in a manner determined by the Commission. Emerald Green shall file with the Secretary to the Commission copies of documents showing proof of the sale and copies of journal entries recording the transaction within 30 days of the date of closing. In the event Emerald Green does not close on the transaction, it shall provide written notice that the transaction will not occur and the reasons therefore within 30 days of the date the decision not to proceed with the transaction is made. Emerald Green is ordered to file with the Secretary to the Commission, within 60 days of the date of the order, a timetable specifying their schedule of payments and the resulting date the debt will be paid off, subject to the terms and conditions set forth in the order.
Text or summary was published
in the January 26, 2022 issue of the Register, I.D. No. PSC-04-22-00003-P.
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.
(21-W-0633SA1)
End of Document