4/25/12 N.Y. St. Reg. PSC-17-12-00012-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 whether to approve or reject, in whole or in part, a request by Corning Natural Gas Corporation to reorganize its current and prospective businesses into a holding company structure and for the funding of related transactions.
Statutory authority:
Public Service Law, sections 70, 107, 108 and 110
Subject:
Transfer of franchises, approval for use of revenues, certificate of share exchange and transactions between affiliates.
Purpose:
To authorize the formation of a holding company and to use proceeds from debt and equity issuance for related transactions.
Substance of proposed rule:
The Public Service Commission is considering whether to approve, deny or modify, in whole or in part, a petition of Corning Natural Corporation pursuant to Sections 70, 107, 108 and 110 of the PSL for authority to form a holding company and for approval of certain related transactions.
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, (518) 486-2655, email:
leann.ayer@dps.ny.govData, views or arguments may be submitted to:
Jaclyn A. Brilling, 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.
