8/1/12 N.Y. St. Reg. PSC-04-12-00006-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
The PSC on 7/12/12 adopted an order approving Warwick Valley Telephone Company request to modify the Ordering Clause 5 of the Commission's Untitled Order in Case 29724 issued June 9, 1988.
Statutory authority:
Public Service Law, section 107
Subject:
Modify the Ordering Clause 5 of the Commission's Untitled Order in Case 29724 issued June 9, 1988.
Purpose:
To approve the modification of Ordering Clause 5 of the Commission's Untitled Order in Case 29724 issued June 9, 1988.
Sustance of final rule:
The Commission, on July 12, 2012, adopted an order approving Warwick Valley Telephone Company request to modify the Ordering Clause 5 of the Commission's Untitled Order in Case 29724 issued June 9, 1988 to state: "That petitioner's share of any revenues received or income earned or tax credits generated from its investment in the Partnership shall be used to offset regulated losses through December 31, 2016 and otherwise considered non-regulated revenues." Such designation and modification are subject to the proviso that the holding company established in its corporate restructuring enter into an agreement with the newly established incumbent local exchange company to provide funds from the Partnership to offset regulated losses, so that such local exchange company operates on at least a free cash flow neutral basis through December 31, 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:
Leann Ayer, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223, (518) 486-2655, email:
leann.ayer@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.
