4/11/07 N.Y. St. Reg. PCS-52-06-00014-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
The commission, on March 21, 2007, adopted an order approving the terms of a joint proposal between Orange and Rockland Utilities, Inc. and Department of Public Service staff to account for property tax refunds and tax benefits in account 254, other regulatory liabilities.
Statutory authority:
Public Service Law, sections 2, 5, 65 and 113(2)
Subject:
Disposition of property tax refunds and benefits of prospective assessment reductions, and other related matters.
Purpose:
To approve the manner in which property tax refunds and benefits from tax assessment reductions should be passed on to customers and shared with O&R, and to consider other related matters.
Substance of final rule:
The Public Service Commission approved the terms of the December 4, 2006, Joint Proposal between Orange and Rockland utilities, Inc. and New York State Department of Public Service Staff to account for property tax refunds and tax benefits in Account 254, Other Regulatory Liabilities, subject to the terms and conditions set forth in the order.
Final rule compared with proposed rule:
No changes.
Text of rule may be obtained from:
Central Operations, Public Service Commission, Bldg. 3, 14th Fl., Empire State Plaza, Albany, NY 12223-1350, by fax to (518) 474-9842, by calling (518) 474-2500. 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.
