PSC-43-15-00005-P Modification of the Deferral Recovery Provisions of Corning Natural Gas Corporation’s Three-Year Gas Rates Plan

10/28/15 N.Y. St. Reg. PSC-43-15-00005-P

NEW YORK STATE REGISTER

VOLUME XXXVII, ISSUE 43

October 28, 2015

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-43-15-00005-P

Modification of the Deferral Recovery Provisions of Corning Natural Gas Corporation’s Three-Year Gas Rates Plan

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 consider 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 (Company) 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 rate plan are substantial. The Company proposes to recover the $413,834 in contract customer revenue deferral from rate year three and $722,547 in property tax deferral, which includes the reconciliation from rate year three and the outstanding deferral from rate year two, beginning on January 1, 2016. The Commission may consider other related issues.

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:

John Pitucci, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, [phone], email: [e-mail]

Data, views or arguments may be submitted to:

Kathleen H. Burgess, 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.

(13-G-0465SP3)