10/22/08 N.Y. St. Reg. PSC-43-08-00015-P
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 petition of United Water New York Inc. to use special accounting treatment to retain a portion of a $3.6 million settlement and to use a portion of the net proceeds to offset plant additions for forty years.
Statutory authority:
Public Service Law, section 89-c
Subject:
United Water New York Inc. proposes accounting rules to retain a portion of the settlement amount.
Purpose:
To allow United Water New York Inc. to keep a portion of the net proceeds of the settlement amount.
Substance of proposed rule:
The Public Service Commission is considering whether to approve, deny, or modify, in whole or in part, a petition by United Water New York Inc. (the company) to use special accounting treatment to retain a portion of a $3.6 million settlement and to use a portion of the net proceeds to offset plant additions for forty years. The company has received $3.6 million dollars as a result of settling certain multi-district litigation in the United States District Court of the Southern District of New York in the case of In Re Methyl Tertiary Butyl Ether Products Liability Litigation. The Commission will determine the prudence of the settlement and the disposition of the settlement funds. The Commission shall also consider all other related matters.
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, (518) 486-2655, email:
leann_ayer@dps.state.ny.usData, views or arguments may be submitted to:
Jaclyn A. Brilling, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-6530, email:
jaclyn_brilling@dps.state.ny.usPublic 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.
