PSC-31-14-00005-P Issuance of Promissory Notes

8/6/14 N.Y. St. Reg. PSC-31-14-00005-P

NEW YORK STATE REGISTER

VOLUME XXXVI, ISSUE 31

August 06, 2014

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-31-14-00005-P

Issuance of Promissory Notes

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 the petition of National Fuel Gas Distribution Corp. to issue promissory notes up to $100 million for construction programs and for general corporate purposes and to enter into derivative instruments through December 31, 2017.

Statutory authority:

Public Service Law, section 69

Subject:

Issuance of promissory notes.

Purpose:

To approve the petition of National Fuel Gas Distribution Corp. to issue up to $100 million in promissory notes.

Substance of proposed rule:

The Public Service Commission is considering whether to approve, deny, or modify, in whole or in part, a petition by National Fuel Gas Distribution Corporation to issue promissory notes in an amount not to exceed $100 million and to enter into derivative instruments through December 31, 2017.

The proposed action would allow National Fuel Gas Distribution Corporation funding for construction programs, repay existing debt and for general corporate purposes.

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:

Kathleen H. Burgess, 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.

(14-G-0228SP1)