PSC-30-08-00008-P Issues of Stock, Bonds and Other Forms of Indebtedness and Charges

7/23/08 N.Y. St. Reg. PSC-30-08-00008-P

NEW YORK STATE REGISTER

VOLUME XXX, ISSUE 31

July 23, 2008

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-30-08-00008-P

Issues of Stock, Bonds and Other Forms of Indebtedness and Charges

PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:

Proposed action:

Petition of Pheasant Hill Water Corporation for approval of a loan with the Environmental Facilities Corporation and authority to surcharge customers to pay for the loan.

Statutory authority:

Public Service Law, sections 89-c(10) and 89-f

Subject:

Issues of stock, bonds and other forms of indebtedness and charges.

Purpose:

To allow Pheasant Hill Water to enter into a loan agreement and to charge customers a surcharge.

Substance of proposed rule:

The Pubic Service Commission is considering whether to approve, deny, or modify, in whole or in part, a petition by The Pheasant Hill Water Corporation (the company) to enter into a loan agreement with the New York State Environmental Facilities Corporation for $690,000, and to receive a grant of $2 million. The company has also requested authority to surcharge customers to repay the loan over the next thirty years. The requested loan will be used to perform necessary infrastructure upgrades to the water system. The Commission shall consider all other related matters.

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.state.ny.us/f96dir.htm. For questions, contact:

Leann Ayer, Public Service Commission, 3 Empire State Plaza, Albany, NY 12223-1350, [phone], e-mail: [e-mail]

Data, views or arguments may be submitted to:

Jaclyn A. Brilling, Secretary, Public Service Commission, Bldg. 3, Empire State Plaza, Albany, NY 12223-1350, [phone], e-mail: [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.

(08-W-0775SA1)