PSC-14-14-00019-P Transfer of Property by O&R with an Original Cost of Less Than $100,000

4/9/14 N.Y. St. Reg. PSC-14-14-00019-P

NEW YORK STATE REGISTER

VOLUME XXXVI, ISSUE 14

April 09, 2014

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-14-14-00019-P

Transfer of Property by O&R with an Original Cost of Less Than $100,000

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 a proposed transfer of property from Orange and Rockland Utilities, Inc (O&R) to Warwick Valley 13 Forester, LLC.

Statutory authority:

Public Service Law, section 70(1)

Subject:

Transfer of property by O&R with an original cost of less than $100,000.

Purpose:

To determine whether to approve O&R's proposed transfer of property.

Substance of proposed rule:

In filing made with the Public Service Commission on January 29, 2014, Orange and Rockland Utilities, Inc (O&R) gave notice, pursuant to Public Service Law (PSL) § 70, of a proposed transfer of property it owns to Warwick Valley 13 Forester, LLC. The property to be transferred is a 1.09 acre parcel located in Warwick, New York, including a retired substation building located on the site. O&R states that the sales price is $500,000, and that the original book cost of the property is approximately $17,315. O&R proposes to allocate the sales proceeds between customer and shareholders at roughly 10%/90%. The Commission is considering, pursuant to PSL § 70(1)(a), whether the public interest requires its review and written consent for the proposed transfer, and, upon a review, it may adopt, reject or modify, in whole or in part, the relief proposed and may resolve related matters.

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.ny.gov/f96dir.htm. For questions, contact:

Deborah Swatling, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, [phone], email: [e-mail]

Data, views or arguments may be submitted to:

Kathleen H. Burgess, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, [phone], email: [e-mail]

Public 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.

(14-E-0099SP1)