PSC-10-09-00014-P Request Authorization to Defer Incremental Bad Debt Expense Resulting from Uncollectible Accounts for Gas & Electric Operations

3/11/09 N.Y. St. Reg. PSC-10-09-00014-P

NEW YORK STATE REGISTER

VOLUME XXXI, ISSUE 10

March 11, 2009

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-10-09-00014-P

Request Authorization to Defer Incremental Bad Debt Expense Resulting from Uncollectible Accounts for Gas & Electric Operations

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 or reject, in whole or in part, the petition of Central Hudson Gas & Electric Corporation to defer incremental bad debt expense incurred by the Company for the year ended 12/31/08.

Statutory authority:

Public Service Law, section 66(9)

Subject:

Request authorization to defer incremental bad debt expense resulting from uncollectible accounts for gas & electric operations.

Purpose:

To allow the company to defer the incremental bad debt expense incurred.

Substance of proposed rule:

Central Hudson Gas & Electric Corporation (Company) has requested permission to defer incremental bad debt expense related to electric and gas operations for year ending December 31, 2008. The Company proposes to defer the uncollectible expense as a regulatory asset in Account 182.xx with associated deferred income taxes. In addition, the Company seeks authority to apply carrying charges on the deferred balance (net of tax) at the preauthorized rate of return established in cases 05-E-0934, and 05-G-0935. The Company requests future rate recovery of these costs. If the Commission approves this deferral, there is a reasonable assurance the Company will be allowed to recover these costs.

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.

(09-M-0140SA1)