PSC-20-16-00013-P Accounting Changes Related to Residual Unbilled Revenue for Financial Accounting and Regulatory Purposes

5/18/16 N.Y. St. Reg. PSC-20-16-00013-P

NEW YORK STATE REGISTER

VOLUME XXXVIII, ISSUE 20

May 18, 2016

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-20-16-00013-P

Accounting Changes Related to Residual Unbilled Revenue for Financial Accounting and Regulatory Purposes

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 a petition filed by Central Hudson Gas & Electric Corporation to change its accounting related to residual unbilled revenue for financial accounting and regulatory purposes.

Statutory authority:

Public Service Law, section 66

Subject:

Accounting changes related to residual unbilled revenue for financial accounting and regulatory purposes.

Purpose:

To consider accounting changes related to residual unbilled revenue for financial accounting and regulatory purposes.

Substance of proposed rule:

On April 28, 2016, Central Hudson Gas & Electric Corporation filed a petition requesting a change in its accounting related to residual unbilled revenue for financial accounting and regulatory purposes. The Company is proposing the accounting change to address an unintended accounting consequence from the conversion to monthly billing that was required in Rate Year 2 of the Joint Proposal. The Commission 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:

John Pitucci, 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-G-0319SP2)