Acceleration of the Return of Customer Credit
NY-ADR
1/2/19 N.Y. St. Reg. PSC-37-18-00004-A
NEW YORK STATE REGISTER
VOLUME XLI, ISSUE 1
January 02, 2019
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
I.D No. PSC-37-18-00004-A
Filing Date. Dec. 13, 2018
Effective Date. Dec. 13, 2018
Acceleration of the Return of Customer Credit
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 12/13/18, the PSC adopted an order approving New York American Water Company, Inc.'s (NYAW) petition to accelerate the return of customer credit directed by the August 2018 Tax Cuts and Jobs Act Order through a one-time credit.
Statutory authority:
Public Service Law, sections 65(1), 66(1), (4), 79(1), (7), 89-b(1), 89-c(1), (3), 91(1), 94(2) and 95(2)
Subject:
Acceleration of the return of customer credit.
Purpose:
To approve NYAW's petition to accelerate the return of customer credit through a one-time credit.
Substance of final rule:
The Commission, on December 13, 2018, adopted an order approving New York American Water Company, Inc.'s petition to accelerate the return of customer credit of $2.056 million, directed by the August 2018 Tax Cuts and Jobs Act Order, through a one-time credit that offsets the Revenue Adjustment Clause/Property Tax Reconciliation surcharge, 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:
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.
(17-M-0815SA2)
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