PSC-20-12-00006-P Approval of the Transfer of Ownership Interest in Caithness and Its 326 MW Electric Generation Facility

5/16/12 N.Y. St. Reg. PSC-20-12-00006-P

NEW YORK STATE REGISTER

VOLUME XXXIV, ISSUE 20

May 16, 2012

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-20-12-00006-P

Approval of the Transfer of Ownership Interest in Caithness and Its 326 MW Electric Generation Facility

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 a petition requesting the approval of the transfer of ownership interests in Caithness Long Island LLC (Caithness), which owns and operates a 326 MW electric generation facility located in the Town of Brookhaven.

Statutory authority:

Public Service Law, sections 69 and 70

Subject:

Approval of the transfer of ownership interest in Caithness and its 326 MW electric generation facility.

Purpose:

Consideration of approval of the transfer of ownership interest in Caithness and its 326 MW electric generation facility.

Substance of proposed rule:

The Public Service Commission is considering a petition filed on April 24, 2012 by Caithness Long Island LLC (Caithness) and others, requesting the approval of the transfer of ownership interests in Caithness and the 326 MW electric generation facility it owns and operates in the Town of Brookhaven. The transfer is a feature of a corporate reorganization resulting in a change in the ownership interests in Caithness itself and a re-financing of debt upstream from Caithness. The Commission may adopt, reject or modify, in whole or in part, the relief proposed.

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, [phone], email: [e-mail]

Data, views or arguments may be submitted to:

Jaclyn A. Brilling, 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.

(12-E-0197SP1)