4/6/11 N.Y. St. Reg. PSC-02-11-00010-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 3/17/11, the PSC adopted an order authorizing Corning Natural Gas Corporation to issue a stock dividend of 600,272 shares of stock at a par value of $5.00 per share valued at $3,003,635 no later than December 31, 2011.
Statutory authority:
Public Service Law, section 69
Subject:
Approval of issues of stock.
Purpose:
To approve the issues of stock.
Substance of final rule:
The Commission, on March 17, 2011 adopted an order authorizing Corning Natural Gas Corporation to issue a stock dividend of 600,272 shares of stock at a par value of $5.00 per share valued at $3,003,635 no later than December 31, 2011, subject to the terms and conditions set forth in the order.
Final rule as compared with last published rule:
No changes.
Text of rule may be obtained from:
Leann Ayer, Public Service Commission, Three Empire State Plaza, Albany, New York 12223, (518) 486-2655, email:
leann_ayer@dps.state.ny.us 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.
