9/10/08 N.Y. St. Reg. PSC-07-07-00013-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On August 20, 2008 the Commission denied the petition of Corning Natural Gas Corporation (Corning) to defer accounting treatment of the incremental interest expense on short-term debt incurred in the fiscal year ending September 30, 2006.
Statutory authority:
Public Service Law, sections 65(1), 66(4) and (9)
Subject:
Uniform System of Accounts - Request for Accounting Authorization.
Purpose:
To deny the accounting treatment of the incremental interest expense on short-term debt incurred in the fiscal year end 9/30/06.
Substance of final rule:
The Commission, on August 20, 2008, denied the petition of Corning Natural Gas Corporation to defer accounting treatment of $573,183 for short-term interest expense, as well as the $2,500 cost associated with the filing of the petition for debt incurred in the fiscal year ending September 30, 2006, 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 12223-1350, (518) 486-2655, email:
leann_ayer@dps.state.ny.us 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.
