PSC-04-07-00018-P Issues of Stock, Bonds and Other Forms of Indebtedness; Charges by Beaver Dam Lake Water Corporation

1/24/07 N.Y. St. Reg. PSC-04-07-00018-P

NEW YORK STATE REGISTER

VOLUME XXIX, ISSUE 4

January 24, 2007

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-04-07-00018-P

Issues of Stock, Bonds and Other Forms of Indebtedness; Charges by Beaver Dam Lake Water Corporation

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 the petition of Beaver Dam Lake Water Corporation for approval to issue and sell long-term debt in an amount not to exceed $2.1 million and to increase a water surcharge.

Statutory authority:

Public Service Law, sections 89-f and 89-c(10)

Subject:

Issues of stock, bonds and other forms of indebtedness; charges.

Purpose:

To allow Beaver Dam Lake Water Corporation to enter into a loan agreement and increase charges.

Substance of proposed rule:

The Commission is considering whether to approve, reject or modify the petition of Beaver Dam Lake Water Corporation for approval to enter into a loan agreement with the Environmental Facilities Corporation for a total amount of $2.1 million. The loan will be for either thirty or twenty years, depending on whether the company is successful in obtaining a hardship designation from the Environmental Facilities Corporation. Additionally, in order to pay for the loan the company has asked to increase its current customer surcharge from $320 per customer to approximately $900.

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.state.ny.us/f96dir.htm. For questions, contact:

Central Operations, Public Service Commission, Bldg. 3, Empire State Plaza, Albany, NY 12223-1350, [phone]

Data, views or arguments may be submitted to:

Jaclyn A. Brilling, Secretary, Public Service Commission, Bldg. 3, Empire State Plaza, Albany, NY 12223-1350, [phone]

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.

(06-W-1561SA1)