11/2/11 N.Y. St. Reg. PSC-33-11-00015-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 10/13/11, the PSC adopted an order approving the petition of Warwick Valley Telephone Company to use revenues received utility service in an amount not to exceed $13 million for the purpose of investing in the assets and business of Alteva, LLC.
Statutory authority:
Public Service Law, section 107
Subject:
Petition to use revenues for the acquisition of Alteva, LLC.
Purpose:
To approve the petition of Warwick Valley Telephone Company to use revenues for the acquisition of Alteva, LLC.
Substance of final rule:
The Commission, on October 13, 2011 adopted an order approving the petition of Warwick Valley Telephone Company to use revenues received from the rendition of utility service in an amount not to exceed $13 million for the purpose of investing in the assets and businesses of Alteva, LLC, subject to the terms and conditions set forth in the order.
Final rule as compared with last published rule:
No changes.
Text of rule may be obtained from:
Leann Ayer, Public Service Commission, Three Empire State Plaza, Albany, New York 12223, (518) 486-2655, email:
leann_ayer@dps.state.ny.us An IRS employer ID no. or social security no. is required from firms or persons to be billed 25 cents per page. Please use tracking number found on last line of notice in requests.
Assessment of Public Comment
An assessment of public comment is not submitted with this notice because the rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.
