12/31/14 N.Y. St. Reg. PSC-38-14-00015-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 12/11/14, the PSC adopted an order approving T. Rowe Price Associates, Inc.'s (TRP Associates) petition to acquire up to 20 percent of the common stock of FirstEnergy Corp. and other related relief.
Statutory authority:
Public Service Law, sections 65, 66 and 70
Subject:
Approving TRP Associates petition to acquire up to 20 percent of the common stock of FirstEnergy Corp.
Purpose:
To approve to acquire up to 20 percent of the common stock of FirstEnergy Corp. and other related relief.
Substance of final rule:
The Commission, on December 11, 2014, adopted an order approving a petition filed by T. Rowe Price Associates, Inc. authorizing the acquisition of no more than twenty percent (20%) of the voting securities of FirstEnergy Corporation, confirmation that it will not become an electric corporation as defined in Public Service Law Section 2(13) as a result of such acquisition and a waiver of certain regulations pertaining to financial disclosure, 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:
Deborah Swatling, Public Service Commission, Three Empire State Plaza, Albany, New York 12223, (518) 486-2659, email:
deborah.swatling@dps.ny.gov 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.