1/3/07 N.Y. St. Reg. PSC-41-06-00029-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. 13, 2006, approved a request by Consolidated Edison Company of New York, Inc. to change its accounting treatment of lease expenses related to rental payments made to the City of New York for transformer vaults from actual to straight-line accrual, as required by SFAS No. 13, accounting for leases on an earning and rate making neutral basis.
Statutory authority:
Public Service Law, sections 2, 5, 65 and 66
Subject:
Authorization of accounting change and related matters.
Purpose:
To approve a request for accounting change for lease expenses and related matters.
Substance of final rule:
The Public Service Commission approved a request by Consolidated Edison Company of New York, Inc. to change its accounting treatment of lease expenses related to rental payments made to the City of New York for transformer vaults from actual to straight-line accural, as required by SFAS No. 13, Accounting for Leases on an earning and rate making neutral basis, 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.
