PSC-29-13-00017-P Issuance of Stocks, Bonds, Notes or Other Evidences of Indebtedness for Terms in Excess of 12 Months

7/17/13 N.Y. St. Reg. PSC-29-13-00017-P

NEW YORK STATE REGISTER

VOLUME XXXV, ISSUE 29

July 17, 2013

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-29-13-00017-P

Issuance of Stocks, Bonds, Notes or Other Evidences of Indebtedness for Terms in Excess of 12 Months

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 deciding whether to grant, modify or deny, in whole or in part, the petition of the New York Independent System Operator, Inc. (NYISO) to incur indebtedness of up to $150 million, for a term in excess of 12 months.

Statutory authority:

Public Service Law, section 69

Subject:

Issuance of stocks, bonds, notes or other evidences of indebtedness for terms in excess of 12 months.

Purpose:

To determine the basis upon which to authorize the issuance of the indebtedness.

Substance of proposed rule:

The Public Service Commission is considering a petition from the New York Independent System Operator, Inc. (NYISO) requesting authorization, under the Public Service Law, to enter into indebtedness with a term in excess of twelve months. The NYISO proposes to issue a combined four-year credit facility, of up to $150,000,000 ($50,000,000 for a revolving line of credit facility and $100,000,000 for a delayed draw, term loan) for the term beginning January 2014 through December 2017. The Commission may adopt, reject or modify, in whole or in part, the relief proposed.

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-E-0240SP1)