Waiver of Extension of Mains Regulation and Tariff Terms and Financing of Long-Term Debt
NY-ADR
9/24/14 N.Y. St. Reg. PSC-38-14-00011-P
NEW YORK STATE REGISTER
VOLUME XXXVI, ISSUE 38
September 24, 2014
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-38-14-00011-P
Waiver of Extension of Mains Regulation and Tariff Terms and Financing of Long-Term Debt
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 whether to approve, reject or modify the petition of Saratoga Water Service, Inc. for a waiver of the company's tariff and 16 NYCRR Part 501 and authorization to finance up to $175,000 in long term debt.
Statutory authority:
Public Service Law, sections 89-b, 89-c and 89-f
Subject:
Waiver of extension of mains regulation and tariff terms and financing of long-term debt.
Purpose:
To decide whether to authorize a waiver of main extension regulations and tariff terms, and authorize long-term debt.
Substance of proposed rule:
The Commission is considering whether to approve, deny, or modify, in whole or in part a Petition in which Saratoga Water Services, Inc. (Saratoga) seeks issuance of an Order (1)(a) approving the terms and conditions of a certain “Agreement For The Provision of Water Service and Sale and Purchase of Water Facilities”, dated October 17, 2013 (Agreement) between Saratoga and Lakeview Outlets, Inc. as being in the public interest; (b) waiving Saratoga’s tariff provisions to the extent they are inconsistent with the Agreement, and (c) waiving the applicability of the provisions of 16 N.Y.C.R.R. Parts 501 and 502 to the extent they are inconsistent with the Agreement; and (2) approval of a loan agreement with the Adirondack Trust Company for $175,000. Saratoga is proposing to acquire existing water facilities owned by of Lakeview Outlets, Inc., which provides water supply service to the commercial tenants in Malta Commons Park. Lakeview has requested that Saratoga take over the provision of service to Malta Commons Park and acquire its facilities. In order to acquire these assets, Saratoga wants to issue and sell long-term debt in the amount not to exceed $175,000. The Commission shall consider all other 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:
Deborah Swatling, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 486-2659, 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.
(13-W-0486SP2)
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