PSC-40-08-00010-P Loans from Regulated Company to its Parent

10/1/08 N.Y. St. Reg. PSC-40-08-00010-P

NEW YORK STATE REGISTER

VOLUME XXX, ISSUE 40

October 01, 2008

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-40-08-00010-P

Loans from Regulated Company to its Parent

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 request by Margaretville Telephone Company for approval of a cash management program which will result in the transfer of funds, or loans, between itself and its parent.

Statutory authority:

Public Service Law, section 106

Subject:

Loans from regulated company to its parent.

Purpose:

To determine if the cash management program resulting in loans to the parent should be approved.

Substance of proposed rule:

By petition dated August 29, 2008, American Broadband Communications, LLC, et. al., sought approval for the acquisition of Margaretville Telephone Company. In conjunction with the acquisition, the participants seek to establish a cash management program which will result in the transfer of cash between the regulated company and its parent. The Commission is considering whether to grant or deny, in whole or in part, approval of the program to allow transfers (effectively loans) between the regulated company and its parent.

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:

Leann Ayer, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, [phone], email: leann_ayer@dps. state.ny.us

Data, views or arguments may be submitted to:

Jaclyn A. Brilling, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, [phone], email: [e-mail]

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.

(08-C-1045SA1)