6/6/07 N.Y. St. Reg. PSC-43-06-00016-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
The commission, on May 16, 2007, adopted an order approving the petition of Chaffee Water Works Co., Inc. to borrow up to $381,806 from the Drinking Water State Revolving Loan Fund to finance system improvements and to surcharge customers to repay the principal amount of the loan.
Statutory authority:
Public Service Law, sections 4(1), 5(1)(f), 89-c(1), (10) and 89-f
Subject:
Issues of stock, bonds and other forms of indebtedness, and water rates and surcharges to customers.
Purpose:
To approve Chaffee Water Works Co., Inc. to enter into a loan agreement and surcharge its customers.
Substance of final rule:
The Commission approved the Petition of Chaffee Water Works Co., Inc. to borrow up to $381,806 from the Drinking Water State Revolving Loan Fund to rebuild its water system and to surcharge customers to repay the principal amount of the loan, subject to the terms and conditions set forth in the order.
Final rule compared with proposed rule:
No changes.
Text of rule may be obtained from:
Central Operations, Public Service Commission, Bldg. 3, 14th Fl., Empire State Plaza, Albany, NY 12223-1350, by fax to (518) 474-9842, by calling (518) 474-2500. 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.
