PSC-41-07-00017-P Issues of Stock, Bonds and other Forms of Indebtedness by Chaffee Water Works Company

10/10/07 N.Y. St. Reg. PSC-41-07-00017-P

NEW YORK STATE REGISTER

VOLUME XXIX, ISSUE 41

October 10, 2007

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-41-07-00017-P

Issues of Stock, Bonds and other Forms of Indebtedness by Chaffee Water Works Company

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 whether to approve, reject or modify, in whole or in part, the petition of Chaffee Water Works Company (the company) to amend the order in Case 06-W-1160 to approve an increased loan amount with the Environmental Facilities Corporation. Additionally, the company requests it be allowed to increase its annual surcharge to customers from $12,727 to $18,515. The commission is considering all other related matters.

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 Chaffee Water Works Company 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 Chaffee Water Works Company (the company) to amend the Order in Case 06-W-1160 which approved the company's loan with the Environmental Facilities Corporation for $381,806. The company wants to borrow $555,438 and requests that it be allowed to increase the customer surcharge from $12,727 to $18,515 annually in order to pay for the larger loan. General cost increases and the need for additional main installations are making the project more expensive.

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.

(07-W-0928SA2)