1/20/16 N.Y. St. Reg. PSC-03-16-00006-P
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 by Niagara Mohawk Power Corporation d/b/a National Grid to use certain deferred credits to offset costs associated with incremental capital expenditures in its electric and gas tariff schedules.
Statutory authority:
Public Service Law, section 66
Subject:
Proposal to use certain deferred credits to offset costs associated with incremental capital expenditures.
Purpose:
To consider the use of certain deferred credits to offset costs associated with capital expenditures and other related relief.
Substance of proposed rule:
The Public Service Commission (Commission) is considering a petition filed by Niagara Mohawk Power Corporation d/b/a National Grid (Niagara Mohawk or the Company) to retain up to $41.266 million of deferred credits to offset revenue requirement associated with its proposed capital expenditures for its electric operations for the twelve months ending March 31, 2017 and up to $83.064 million of deferred credits for the same purpose for the twelve months ending March 31, 2018. Under the Company’s proposal, Section 43.5 of the General Information provisions of its electric tariff would need to be revised to permit the use of deferred credits arising from the Transmission Recovery Adjustment to offset a portion of the revenue requirement associated with the electric transmission-related revenue requirement for the twelve months ending March 31, 2017 and 2018. The Company’s proposal would also permit it to retain up to $8.360 million of deferred credits to offset the revenue requirement associated with its proposed capital expenditures for its gas operations for the twelve months ending March 31, 2017 and up to $18.743 million of deferred credits for the same purpose for the twelve months ending March 31, 2018. The Company also proposes to modify its Gas Safety Metrics to require the Company to replace increased levels of leak prone pipe in order to avoid negative revenue adjustments. The Commission may adopt, modify, or reject, in whole or in part, the relief 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:
john.pitucci@dps.ny.govData, 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:
secretary@dps.ny.govPublic 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.
