10/23/13 N.Y. St. Reg. PSC-43-13-00019-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 whether to grant, deny or modify in whole or part, a petition filed by Corning Natural Gas Corporation to recover under-collections of Property Taxes and Large Customer Revenues through the Delivery Rate Adjustment.
Statutory authority:
Public Service Law, sections 4, 5, 65 and 66
Subject:
Modification of the deferral recovery provisions of Corning Natural Gas Corporation's three-year gas rates plan.
Purpose:
To approve or deny the modification of the deferral recovery provisions of the three-year gas rates plan.
Substance of proposed rule:
The Commission is considering whether to grant, deny or modify, in whole or part, a petition filed by Corning Natural Gas Corporation to recover under-collections of Property Taxes and Large Customer Revenues through the Delivery Rate Adjustment mechanism. Under the Gas Rates Joint Proposal, the Company is allowed to defer the difference between the actual and the target amounts until the conclusion of the three year term. The amounts of the two deferrals at the end of the first year of the rates plan are substantial. To avoid “rate shock” at the end of the term, the Company proposes to begin recovering 100% of the Property Tax deferral and ⅓ of the Large Customer Revenue deferral on January 1, 2014. The Commission may apply its decision here to other utilities.
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.govData, views or arguments may be submitted to:
Kathleen H. Burgess, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-4535, email:
secretary@dps.ny.govPublic 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.
