3/9/16 N.Y. St. Reg. PSC-10-16-00011-P
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 filed by Consolidated Edison Company of New York, Inc. (Con Edison) requesting permission to issue and sell unsecured debt obligations.
Statutory authority:
Public Service Law, section 69
Subject:
Petition to issue and sell unsecured debt obligations.
Purpose:
To consider Con Edison's request to issue and sell unsecured debt obligations.
Substance of proposed rule:
On January 15, 2016, Consolidated Edison Company of New York, Inc. (the Company) submitted a petition requesting Commission approval to issue and sell unsecured debt obligations of the Company having a maturity of more than one year. The requested approval would permit the Company (i) to issue and sell not to exceed $5.2 billion aggregate principal amount of unsecured debt obligations of the Company having a maturity of more than one year for purposes of reimbursement of the Company’s treasury for moneys expended for capital purposes through September 30, 2015; (ii) to enter into or continue one or more revolving credit agreements and to issue and sell not to exceed $2.25 billion aggregate principal amount at any time outstanding of unsecured debt obligations having a maturity of more than one year pursuant to such agreement(s), such issuance and sale to be for purposes of reimbursement of the Company’s treasury for moneys expended for capital purposes through September 30, 2015; and (iii) to issue and sell unsecured debt obligations having a maturity of more than one year for the purposes of refunding in advance of maturity outstanding debt securities of the Company. The Commission may approve, 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:
John Pitucci, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 486-2655, email:
john.pitucci@dps.ny.govData, views or arguments may be submitted to:
Kathleen H. Burgess, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-6530, email:
secretary@dps.ny.govPublic 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.
