PSC-34-11-00014-P Issuance of Long-Term Indebtedness in the Principal Amount of Up to $20,000,000

8/24/11 N.Y. St. Reg. PSC-34-11-00014-P

NEW YORK STATE REGISTER

VOLUME XXXIII, ISSUE 34

August 24, 2011

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-34-11-00014-P

Issuance of Long-Term Indebtedness in the Principal Amount of Up to $20,000,000

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 considering whether to approve, deny or modify, in whole or in part, a petition of Long Island Water Corporation seeking authorization for the issuance of long-term indebtedness of up to $20 million.

Statutory authority:

Public Service Law, section 89-f

Subject:

Issuance of long-term indebtedness in the principal amount of up to $20,000,000.

Purpose:

To permit Long Island Water Corporation to refinance existing debt obligations and finance new construction projects.

Substance of proposed rule:

The Public Service Commission is deciding whether to grant, modify, or deny in whole or in part, a petition by Long Island Water Corporation, d/b/a Long Island American Water (LIAW), seeking an authority, pursuant to PSL 89-f, to issue long-term indebtedness in the principal amount of up to $20,000,000 for the purpose of refinancing existing debt obligations and financing new construction projects. 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-W-0399SP1)