Petition to Transfer and Merge Systems, Franchises and Assets
NY-ADR
6/4/14 N.Y. St. Reg. PSC-22-14-00013-P
NEW YORK STATE REGISTER
VOLUME XXXVI, ISSUE 22
June 04, 2014
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-22-14-00013-P
Petition to Transfer and Merge Systems, Franchises and Assets
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 grant, deny, modify or condition, in whole or in part, the merger petition of Comcast and Time Warner Cable requesting approval to transfer telephone and cable systems, franchises and assets.
Statutory authority:
Public Service Law, sections 99(2), 100(1) and 222
Subject:
Petition to transfer and merge systems, franchises and assets.
Purpose:
To consider the Comcast and Time Warner Cable merger and transfer of systems, franchises and assets.
Substance of proposed rule:
The Public Service Commission is considering whether to grant, deny or modify, in whole or part, the petition filed by Comcast Corporation (Comcast) and Time Warner Cable Inc. (Time Warner Cable) seeking approval under Public Service Law (PSL) §§ 99, 100 and 222 to transfer certain Time Warner Cable telephone systems, cable systems, franchises and assets to Comcast. Under the proposed transaction, Comcast has entered into an agreement with Time Warner Cable whereby Comcast will acquire 100 percent of Time Warner Cable’s equity in exchange for Comcast Class A shares. Under the proposed transaction Comcast plans to retain all of Time Warner Cable’s existing assets in New York State. The full text of the petition may be reviewed online at the Department of Public Service web page: www.dps.ny.gov. The Commission may take such further action as deemed warranted.
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) 408-1978, 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.
(14-M-0183SP1)
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