4/6/11 N.Y. St. Reg. PSC-47-10-00013-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 approving Aqua New York of Sea Cliff, Inc. to establish a regulatory liability equal to 90 percent of the Methyl Tertiary Butyl Ether settlement proceeds of $242,572 & defer the customers' share for the next rate case.
Statutory authority:
Public Service Law, section 89-c
Subject:
Accounting treatment and allocation of proceeds between shareholders and ratepayers.
Purpose:
To approve the allocation of net proceeds and accounting entries.
Substance of final rule:
The Commission, on March 17, 2011 adopted an order approving Aqua New York of Sea Cliff, Inc. to establish a regulatory liability equal to 90 percent of the Methyl Tertiary Butyl Ether (MTBE) settlement proceeds of $242,572 and defer the customers' share of the MTBE settlement proceeds as a rate mitigator in its next base rate proceeding, 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.
