6/8/11 N.Y. St. Reg. PSC-41-10-00017-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 5/19/11, the PSC adopted an order approving provisions of a Joint Proposal by Consolidated Edison Company of New York, Inc. (Consolidated Edison) and Public Service Commission Staff, dated March 29, 2011 to retain a portion of a tax refunds.
Statutory authority:
Public Service Law, section 113(2)
Subject:
Joint Proposal by Consolidated Edison and Staff to retain a portion of a tax refunds.
Purpose:
To approve a Joint Proposal by Consolidated Edison and Staff to retain a portion of a tax refunds.
Substance of final rule:
The Commission, on May 19, 2011 adopted an order approving provisions of a Joint Proposal by Consolidated Edison Company of New York, Inc. (Consolidated Edison) and Public Service Commission Staff, dated March 29, 2011. Consolidated Edison is authorized to recover, prior to apportionment, $1,240,269 for the incremental expense it incurred to achieve the Gross Receipts Tax and Excess Dividends Tax refunds and is authorized to retain for the benefit of its shareholders, $1,358,703 from the Gross Receipts Tax refund and $14,797,995 from the Excess Dividends Tax Refund, 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.
