11/26/08 N.Y. St. Reg. PSC-48-08-00017-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 a petition filed by Consolidated Edison Company of New York, Inc. requesting permission to issue and sell securities.
Statutory authority:
Public Service Law, section 69
Subject:
Issuance of Securities.
Purpose:
To permit the Company to issue and sell securities.
Substance of proposed rule:
On October 20, 2008, Consolidated Edison Company of New York, Inc. submitted a petition seeking authority (i) to issue and sell not to exceed $4.8 billion aggregate principal amount of unsecured debt obligations having a maturity of more than one year (in addition to any such debt remaining authorized for issue pursuant to the Public Service Commission's order, issued and effective May 18, 2005 in Case 05-M-0037), for purposes of reimbursement of the Company's treasury for moneys expended for capital purposes through June 30, 2008; (ii) to enter into or continue one or more revolving credit agreements and to issue and sell not to exceed $2.25 billion aggregate principal amount at any time outstanding of unsecured debt obligations having a maturity of more than one year pursuant to such agreement(s), such issuance and sale to be for purposes of reimbursement of the Company's treasury for moneys expended for capital purposes through June 30, 2008; and (iii) to issue and sell unsecured debt obligations having a maturity of more than one year and preferred stock for the purposes of refunding in advance of maturity outstanding securities of the Company.
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.
