6/8/16 N.Y. St. Reg. PSC-33-15-00008-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 5/19/16, the PSC issued an order adopting a ratemaking and utility revenue model policy framework.
Statutory authority:
Public Service Law, sections 4(1) and 66(1)
Subject:
Ratemaking, rate design and regulatory practices.
Purpose:
To adopt a ratemaking and utility revenue model policy framework.
Substance of final rule:
The Commission, on May 19, 2016, issued an order adopting a ratemaking and utility revenue model policy framework, and directed Central Hudson Gas and Electric Corporation, Consolidated Edison Company of New York, Inc., New York State Electric and Gas Corporation, Niagara Mohawk Power Corporation d/b/a National Grid, Orange and Rockland Utilities, Inc. and Rochester Gas and Electric Corporation to file a system efficiency proposal, providing directional guidance for long-term reform to the utility business model, by December 1, 2016, 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:
John Pitucci, Public Service Commission, Three Empire State Plaza, Albany, New York, 12223, (518) 486-2655, email:
john.pitucci@dps.ny.gov 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.
