PSC-04-09-00007-A Deferred Accounting Treatment and Rate Recovery of Property Tax Expenses  

  • 9/23/09 N.Y. St. Reg. PSC-04-09-00007-A
    NEW YORK STATE REGISTER
    VOLUME XXXI, ISSUE 38
    September 23, 2009
    RULE MAKING ACTIVITIES
    PUBLIC SERVICE COMMISSION
    NOTICE OF ADOPTION
     
    I.D No. PSC-04-09-00007-A
    Filing Date. Sept. 03, 2009
    Effective Date. Sept. 03, 2009
    Deferred Accounting Treatment and Rate Recovery of Property Tax Expenses
    PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
    Action taken:
    On 8/20/09, the PSC adopted an order denying the Petition of Consolidated Edison Company of New York, Inc. to defer $14.558 million, as a result of New York City increasing its tax rates effective January 2009.
    Statutory authority:
    Public Service Law, section 66
    Subject:
    Deferred accounting treatment and rate recovery of property tax expenses.
    Purpose:
    To deny a deferred accounting treatment and rate recovery of property tax expenses.
    Substance of final rule:
    The Commission, on August 20, 2009, adopted an order denying the Petition of Consolidated Edison Company of New York, Inc. to defer $14.558 million, as a result of New York City increasing its tax rates effective January 2009, 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, Three Empire State Plaza, Albany, New York 12223, (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.
    (08-M-0901SA2)

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