PSC-30-11-00006-P Issuance of Promissory Notes for the Period Beginning January 1, 2012 Through December 31, 2014

7/27/11 N.Y. St. Reg. PSC-30-11-00006-P

NEW YORK STATE REGISTER

VOLUME XXXIII, ISSUE 30

July 27, 2011

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-30-11-00006-P

Issuance of Promissory Notes for the Period Beginning January 1, 2012 Through December 31, 2014

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

Proposed Action:

The Commission is considering a petition filed by National Fuel Gas Distribution Corporation ("Distribution") for authorization to issue promissory notes up to $130,000,000.

Statutory authority:

Public Service Law, section 69

Subject:

Issuance of promissory notes for the period beginning January 1, 2012 through December 31, 2014.

Purpose:

To permit National Fuel Gas Distribution Corporation to issue promissory notes and to authorize the application of the proceeds.

Substance of proposed rule:

The Commission is considering whether to approve, reject or modify a petition by National Fuel Gas Distribution Corporation (Distribution) to issue promissory notes in the aggregate principal amount of not more than $130,000,000. Distribution will use net proceeds for various purposes; including reimbursement of Distribution's treasury for moneys expended for capital purposes during the calendar years 2012 through 2014, repayment of existing debt, construction expenditures, and for general corporate purposes. 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, New York 12223-1350, [phone], email: [e-mail]

Data, views or arguments may be submitted to:

Jaclyn A. Brilling, 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.

(11-G-0347SP1)