2/10/16 N.Y. St. Reg. PSC-37-15-00012-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 1/21/16, the PSC adopted an order authorizing Corning Natural Gas Corporation (Corning) to issue up to $11,015,429 million of new long-term debt and enter into up to a $17.4 million debt consolidation loan no later than December 31, 2017.
Statutory authority:
Public Service Law, section 69
Subject:
Issuance of securities.
Purpose:
To authorize Corning to issue long-term debt and enter into a consolidation loan.
Substance of final rule:
The Commission, on January 21, 2016, adopted an order authorizing Corning Natural Gas Corporation to issue up to $11,015,429 million of new long-term debt and enter into up to a $17.4 million debt consolidation loan no later than December 31, 2017, 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:
John Pitucci, Public Service Commission, Three Empire State Plaza, Albany, New York 12223, (518) 486-2655, email:
john.pitucci@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.
