1/6/16 N.Y. St. Reg. PSC-27-15-00015-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 12/17/15, the PSC adopted an order authorizing KeySpan Gas East Corporation d/b/a National Grid (KEDLI) to issue long-term debt in one or more transactions, no later than March 31, 2019.
Statutory authority:
Public Service Law, section 69
Subject:
Petition for issuance of long-term debt.
Purpose:
To authorize KEDLI to issue long-term debt.
Substance of final rule:
The Commission, on December 17, 2015, adopted an order authorizing KeySpan Gas East Corporation d/b/a National Grid to issue and sell up to $705 million of long-term debt, in one or more transactions, for traditional utility purposes and an additional $500 million of long-term debt to refund existing long-term debt obligations, no later than March 31, 2019, subject to the terms and conditions set forth in the order.
Final rule as compared with last published rule:
No changes.
Text of rule may be obtained from:
John Pitucci, Public Service Commission, Three Empire State Plaza, Albany, New York, 12223, (518) 486-2655, email:
john.pitucci@dps.ny.gov 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.
