PSC-32-13-00013-P Sithe's Participation with Affiliates in Consolidated Debt Obligations of No More Than $2.175 Billion

8/7/13 N.Y. St. Reg. PSC-32-13-00013-P

NEW YORK STATE REGISTER

VOLUME XXXV, ISSUE 32

August 07, 2013

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-32-13-00013-P

Sithe's Participation with Affiliates in Consolidated Debt Obligations of No More Than $2.175 Billion

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 from Sithe/Independence Power Partners, L.P. (Sithe) requesting approval, under lightened regulation, of participation with affiliates in consolidated debt obligations of no more than $2.175 billion.

Statutory authority:

Public Service Law, sections 5(1)(b), (c), 69 and 82

Subject:

Sithe's participation with affiliates in consolidated debt obligations of no more than $2.175 billion.

Purpose:

Consideration of Sithe's participation with affiliates in consolidated debt obligations of no more than $2.175 billion.

Substance of proposed rule:

The Public Service Commission is considering a petition filed on July 12, 2013 by Sithe/Independence Power Partners, L.P. (Sithe) requesting approval, under lightened regulation, of participation with affiliates in consolidated debt obligations of no more than $2.175 billion. The debt will be supported by liens on Sithe’s 1060 MW electric and steam cogeneration facility located in Oswego, NY. The Commission may adopt, reject or modify, in whole or in part, the relief proposed and may resolve 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.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:

Jeffrey C. Cohen, Acting 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.

(13-M-0305SP1)