PSC-22-13-00008-P To Issue Long-Term Indebtedness, Preferred Stock and Hybrid Securities and to Enter into Derivative Instruments

5/29/13 N.Y. St. Reg. PSC-22-13-00008-P

NEW YORK STATE REGISTER

VOLUME XXXV, ISSUE 22

May 29, 2013

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-22-13-00008-P

To Issue Long-Term Indebtedness, Preferred Stock and Hybrid Securities and to Enter into Derivative Instruments

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 of New York State Electric & Gas Corporation authorizing the issuance of approximately $74 million of long-term securities and to enter into derivative instruments.

Statutory authority:

Public Service Law, section 69

Subject:

To issue long-term indebtedness, preferred stock and hybrid securities and to enter into derivative instruments.

Purpose:

To permit New York State Electric & Gas Corporation to finance transactions for purposes authorized under PSL section 69.

Substance of proposed rule:

The Commission is considering whether to approve or reject in whole or in part or modify a request sought in a petition filed by New York State Electric & Gas Corporation authorizing the issuance of approximately $74 million of long-term indebtedness, preferred stock and hybrid securities and to enter into derivative instruments.

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:

Jeffrey C. Cohen, Acting 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.

(13-M-0200SP1)