Allocation of Property Tax Refunds

NY-ADR

1/2/19 N.Y. St. Reg. PSC-37-18-00006-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-37-18-00006-A
Filing Date. Dec. 13, 2018
Effective Date. Dec. 13, 2018
Allocation of Property Tax Refunds
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 for the allocation of property tax refunds between NYAW and its ratepayers.
Statutory authority:
Public Service Law, section 113(2)
Subject:
Allocation of property tax refunds.
Purpose:
To approve NYAW's petition for the allocation of property tax refunds between NYAW and its ratepayers.
Substance of final rule:
The Commission, on December 13, 2018, adopted an order approving, to the extent stated in this order, New York American Water Company, Inc.'s (NYAW) petition for the allocation and disposition of property tax refunds between NYAW and its ratepayers totaling $8,393,923, including interest. $7,135,641 will be returned to ratepayers in NYAW’s Lynbrook and Merrick districts, $1,010,088 will be used to fund a Conservation Study and Rebate Program for the benefit of customers, and NYAW will be permitted to retain $312,215 to cover legal fees and other costs incurred to obtain the refunds. NYAW shall account for the refund in accordance with the requirements of this order and is directed to notify the Commission within 60 days of its receipt of a final Court determination concerning the appeals filed by New York American Water Inc. and the Town of Hempstead of changes, if any, in the amount of the refunds addressed in this order and propose a method of distributing or collecting said difference to or from its ratepayers, 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.
(18-W-0554SA1)
End of Document