1/2/08 N.Y. St. Reg. PSC-43-07-00022-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
The commission, on Dec. 12, 2007, approved the petition of Corning Natural Gas Corporation (the company) to amend its prior order issued June 21, 2007 and allow the company to issue up to $14.9 million of preferred stock or common stock.
Statutory authority:
Public Service Law, section 69
Subject:
Issuance of preferred stock.
Purpose:
To amend a prior commission order and allow the company to issue and sell up to $14.9 million of preferred stock or common stock.
Substance of final rule:
The Commission adopted an order approving the petition of Corning Natural Gas Corporation to amend the Commission's order issued June 21, 2007 and issue up to $14.9 million of Preferred Stock or Common Stock to be exercised not later than December 31, 2011, subject to the terms and conditions set forth in the order.
Final rule compared with proposed rule:
No changes.
Text of rule may be obtained from:
Central Operations, Public Service Commission, Bldg. 3, 14th Fl., Empire State Plaza, Albany, NY 12223-1350, by fax to (518) 474-9842, by calling (518) 474-2500. 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.
