PSC-08-15-00008-P Approval of a Loan, an Ownership Transfer, and Continuation of Lightened Regulation

2/25/15 N.Y. St. Reg. PSC-08-15-00008-P

NEW YORK STATE REGISTER

VOLUME XXXVII, ISSUE 8

February 25, 2015

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-08-15-00008-P

Approval of a Loan, an Ownership Transfer, and Continuation of Lightened Regulation

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 from CCI Roseton LLC seeking approval of a loan secured by its generating facility, review of an ownership transfer, and continuation of lightened regulation.

Statutory authority:

Public Service Law, sections 2(12), (13), 5(1)(b), 69 and 70

Subject:

Approval of a loan, an ownership transfer, and continuation of lightened regulation.

Purpose:

Approval of a loan, an ownership transfer, and continuation of lightened regulation.

Substance of proposed rule:

The Public Service Commission is considering a petition filed by CCI Roseton LLC (CCI) on January 22, 2015, requesting that it be authorized to enter into a loan agreement to borrow funds secured by the Roseton Generating Station, a 1,160 MW generation facility located in Newburgh, New York. CCI further seeks review of a transfer of ownership interests in the form of the insertion of an intermediate holding company into its ownership structure. Additionally, CCI seeks continuation of lightened regulation. The Commission may adopt, reject or modify, in whole or in part, the relief proposed and may resolve related matters.

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.ny.gov/f96dir.htm. For questions, contact:

Elaine Agresta, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, [phone], email: [e-mail]

Data, views or arguments may be submitted to:

Kathleen H. Burgess, 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.

(15-E-0041SP1)