Request of Cross-Sound Cable Company, LLC and Cross-Sound Cable Company (New York) LLC to Incre...
NY-ADR
1/23/19 N.Y. St. Reg. PSC-04-19-00005-P
NEW YORK STATE REGISTER
VOLUME XLI, ISSUE 4
January 23, 2019
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-04-19-00005-P
Request of Cross-Sound Cable Company, LLC and Cross-Sound Cable Company (New York) LLC to Increase Authorized Indebtedness
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 a petition filed on November 21, 2018 by Cross-Sound Cable Company, LLC and Cross-Sound Cable Company (New York) LLC seeking approval to increase their authorized indebtedness by $100 million to $237 million.
Statutory authority:
Public Service Law, sections 2(12), (13), 4(1), 5(2), 65(1), 66(1), (2), (4), (5) and 69
Subject:
Request of Cross-Sound Cable Company, LLC and Cross-Sound Cable Company (New York) LLC to increase authorized indebtedness.
Purpose:
To consider a petition to increase authorized indebtedness.
Substance of proposed rule:
The Public Service Commission is considering a petition filed by the Cross-Sound Cable Company, LLC and Cross-Sound Cable Company (New York) LLC (collectively, the Petitioners) on November 21, 2018, seeking to increase their authority to incur indebtedness by $100 million, for a term in excess of twelve months, from $137.5 million to $237.5 million.
Petitioners own and operate a direct current transmission line (the “Cross-Sound Cable”) that extends from New Haven, Connecticut and Shoreham, New York and provides bi-directional transfer capacity of approximately 330 MW between the two regions. Petitioners represent that the debt is needed to provide working capital, finance operation and maintenance of the Cross-Sound Cable (including potential system upgrades), and for general corporate purposes.
The full text of the petition and the full record of the proceeding may be reviewed online at the Department of Public Service web page: www.dps.ny.gov. The Commission may adopt, reject or modify, in whole or in part, the action proposed and may resolve 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:
John Pitucci, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 486-2655, 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:
60 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.
(18-E-0723SP1)
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