4/25/12 N.Y. St. Reg. PSC-17-12-00014-P
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, modify, or reject, a petition filed by United Water New York Inc. seeking the Commission's authorization to issue and sell up to $30,000,000 of unsecured promissory notes.
Statutory authority:
Public Service Law, section 89-f
Subject:
Issuance of long-term debt.
Purpose:
To allow United Water New York Inc. to issue long-term debt to refinance high cost debt and for other lawful corporate purposes.
Substance of proposed rule:
United Water New York Inc. seeks the Commission’s authorization to enter into one or more agreement(s) for the sale on a negotiated basis of up to an aggregate principal amount of unsecured $30,000,000 of promissory notes and enter into any and all other agreements that would be negotiated and required at a later date with respect to the foregoing.
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.
