9/12/07 N.Y. St. Reg. PSC-26-07-00018-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 directing reallocation of up to $3 million of System Benefits Charge (SBC) funds to finance the start up costs for the regional greenhouse gas initiative (RGGI).
Statutory authority:
Public Service Law, sections 2, 5 and 66
Subject:
Reallocation of up to $3 million of SBC funds to finance the start up costs for the RGGI.
Purpose:
To authorize the reallocation of $3 million of SBC funds to finance the initial development of a regional organization to carry out the RGGI.
Substance of final rule:
The Public Service Commission adopted an order directing reallocation of up to $3 million of System Benefits Charge (SBC) funds to finance the start up costs for the Regional Greenhouse Gas Initiative (RGGI) and to seek recovery of such funds in accordance with the Department of Environmental Conservation rules regarding RGGI once the auction of emission allowances begins and to update by October 1, 2007 its SBC Operating Plan and Budget, 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.
