Authorization for NYAW to Accrue Interest on Internal Reserve Debit Balances
NY-ADR
7/8/15 N.Y. St. Reg. PSC-27-15-00014-P
NEW YORK STATE REGISTER
VOLUME XXXVII, ISSUE 27
July 08, 2015
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-27-15-00014-P
Authorization for NYAW to Accrue Interest on Internal Reserve Debit Balances
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:
Proposed Action:
The PSC is considering a petition filed by New York American Water Company, Inc. (NYAW) seeking authority to accrue interest on the debit balances of its internal reserves for Pension and Other Post Employment Benefits (OPEB) effective Jan. 1, 2015.
Statutory authority:
Public Service Law, section 89-c(7)
Subject:
Authorization for NYAW to accrue interest on internal reserve debit balances.
Purpose:
To allow NYAW to accrue interest on internal reserve debit balances.
Substance of proposed rule:
New York American Water Company (NYAW or Company) has requested permission to accrue interest on the debit balances of its internal reserves for Pension and Other Post Employment Benefits (OPEB) of the former New York Water Service Corporation (NYWSC) effective January 1, 2015. If the Commission approves this request, there is a reasonable assurance the company will be allowed to recover these costs. The Commission may adopt, reject or modify, in whole or in part, NYAW’s request, and may also consider any 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:
Elaine Agresta, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 486-2660, email: [email protected]
Data, views or arguments may be submitted to:
Kathleen H. Burgess, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-6530, email: [email protected]
Public comment will be received until:
45 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.
(15-W-0325SP1)
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