PSC-07-09-00015-P Transfer Certain Utility Assets Located in the Town of Montgomery from Plant Held for Future Use to Non-Utility Property

2/18/09 N.Y. St. Reg. PSC-07-09-00015-P

NEW YORK STATE REGISTER

VOLUME XXXI, ISSUE 7

February 18, 2009

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-07-09-00015-P

Transfer Certain Utility Assets Located in the Town of Montgomery from Plant Held for Future Use to Non-Utility Property

PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:

Proposed Action:

The Public Service Commission is considering whether to approve, reject, or modify, in whole or in part, the petition filed by Central Hudson Gas & Electric Corporation for approval to transfer certain utility assets to non-utility assets.

Statutory authority:

Public Service Law, section 70

Subject:

Transfer certain utility assets located in the Town of Montgomery from plant held for future use to non-utility property.

Purpose:

To consider the request to transfer certain utility assets located in the Town of Montgomery to non-utility assets.

Substance of proposed rule:

Central Hudson Gas & Electric Corporation (company) requests authorization to transfer approximately 3.64 acres of vacant land located in the Town of Montgomery, Orange County, New York from Account 105 Plant Held for Future use to Account 121 Non-Utility Property. The company proposes to defer the appraised value less original book cost and appraisal fees as well as the associated deferred income taxes as a regulatory liability in Account 254.xx. The company has proposed the deferred amount be added to the balance sheet offset list in the current rate proceeding.

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, [phone], email: [e-mail]

Data, views or arguments may be submitted to:

Jaclyn A. Brilling, 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.

(08-M-1495SA1)