5/4/11 N.Y. St. Reg. PSC-42-10-00009-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 4/14/11, the PSC adopted an order authorizing Central Hudson Gas & Electric Corporation to defer certain incremental expenses and offset these expenses against tax benefits.
Statutory authority:
Public Service Law, section 66(9)
Subject:
Authorization to defer certain incremental expenses and offset these expenses against tax benefits. (10-M-0473SA1)
Purpose:
To authorize deferral of certain incremental expenses and offset these expenses against tax benefits.
Substance of final rule:
The Commission, on April 14, 2011 adopted an order authorizing Central Hudson Gas & Electric Corporation (company) to defer $18,822,375 of incremental electric storm restoration expense and $2,604,861 of incremental electric bad debt net write-off expense and denied authority to defer $2,545,330 of incremental electric and gas property tax expense for the twelve months ended June 30, 2010, and granted the company’s request to offset the approved deferred expenses against certain federal income tax benefits arising from a change in accounting related to repair and maintenance expenses, 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.
