PSC-42-13-00015-P Failure to Provide Escrow Information  

  • 10/16/13 N.Y. St. Reg. PSC-42-13-00015-P
    NEW YORK STATE REGISTER
    VOLUME XXXV, ISSUE 42
    October 16, 2013
    RULE MAKING ACTIVITIES
    PUBLIC SERVICE COMMISSION
    PROPOSED RULE MAKING
    NO HEARING(S) SCHEDULED
     
    I.D No. PSC-42-13-00015-P
    Failure to Provide Escrow Information
    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 closure of Whistle Tree Development Co., Inc. Repairs and Plant Replacement Escrow Account due to its repeated failure to submit copies of all bank statements and complete accounting of the revenues and expenses.
    Statutory authority:
    Public Service Law, section 89(c)
    Subject:
    Failure to Provide Escrow Information.
    Purpose:
    The closure of the Escrow Account.
    Substance of proposed rule:
    The Commission is considering the closure of the Repairs and Plant Replacement Escrow Account for Whistle Tree Development Corp. due to a failure to comply with the provisions of the escrow account approved by the Public Service Commission requiring the company submit, within 30 days of the end of each calendar year, a report documenting its management of the escrow account. The Commission is taking this action under the authority granted to it under the Public Service Law.
    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.ny.gov/f96dir.htm. For questions, contact:
    Deborah Swatling, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 486-2659, email: Deborah.Swatling@dps.ny.gov
    Data, views or arguments may be submitted to:
    Kathleen H. Burgess, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-6530, email: secretary@dps.ny.gov
    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.
    (13-W-0447SP1)

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