PSC-36-08-00020-P The Commission is Considering Whether Ratepayers Should Pay the Costs That Con Edison Incurred Due to the Steam Pipe Rupture

9/3/08 N.Y. St. Reg. PSC-36-08-00020-P

NEW YORK STATE REGISTER

VOLUME XXX, ISSUE 36

September 03, 2008

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-36-08-00020-P

The Commission is Considering Whether Ratepayers Should Pay the Costs That Con Edison Incurred Due to the Steam Pipe Rupture

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 whether to adopt the terms of a joint proposal to resolve the Commission's review of the prudence of Consolidated Edison's actions and practices concerning a steam pipe rupture that occurred in Manhattan on July 18, 2007.

Statutory authority:

Public Service Law, section 79

Subject:

The Commission is considering whether ratepayers should pay the costs that Con Edison incurred due to the steam pipe rupture.

Purpose:

The joint proposal, if adopted by the Commission, would require Con Edison to absorb the costs for the steam pipe rupture.

Substance of proposed rule:

On August 6, 2008, Consolidated Edison Company of New York, Inc. (Con Edison or the Company), Department of Public Service Staff and the State Consumer Protection Board entered into a Joint Proposal to settle and resolve Case 08-S-0153. In this proceeding, the Commission is investigating the prudence of Con Edison’s actions and practices as they relate to the steam pipe rupture that occurred on July 18, 2007. The parties have proposed that Con Edison absorb, and not recover from ratepayers, the capital, carrying, operation and maintenance costs and insurance premiums the Company will incur as a result of the steam pipe rupture. The Commission may adopt, reject or modify the Joint Proposal.

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.state.ny.us/f96dir.htm. For questions, contact:

Leann Ayer, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, [phone], email: [e-mail]

Data, views or arguments may be submitted to:

Jaclyn A. Brilling, 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.

(08-S-0153SA3)