9/12/07 N.Y. St. Reg. PSC-01-07-00032-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
The commission, on Aug. 22, 2007, adopted an order approving, with conditions, the joint petition of National Grid, plc, National Grid, USA, Inc., Niagara Mohawk Power Corporation, KeySpan Corporation and its jurisdictional affiliates for the acquisition by National Grid, plc of the stock of KeySpan Corporation and other regulatory authorizations.
Statutory authority:
Public Service Law, sections 66(12), 70, 99, 100 and 110
Subject:
Stock purchase and other regulatory authorizations.
Purpose:
To approve the transfer of stock of KeySpan Corporation to National Grid, plc and provide other regulatory authorizations.
Substance of final rule:
The Public Service Commission adopted an order approving, with conditions, the joint petition of National Grid, plc, National Grid, USA, Inc., Niagara Mohawk Power Corporation, KeySpan Corporation and its Jurisdictional Affiliates for the acquisition by National Grid, plc of the stock of KeySpan Corporation and other regulatory authorizations, subject to the terms and conditions of the order.
Final rule compared with proposed rule:
No changes.
Text of rule may be obtained from:
Central Operations, Public Service Commission, Bldg. 3, 14th Fl., Empire State Plaza, Albany, NY 12223-1350, by fax to (518) 474-9842, by calling (518) 474-2500. 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.
