ny-PSC-39-26-00027-P: Issuance of securities and other forms of indebtedness
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What this rule does
The proposed rule outlines the process for issuing securities and other types of debt. It sets guidelines that need to be followed for companies to raise funds through these financial instruments.
Plain-language description generated by AI — not the agency’s official summary, which we have not captured for this rule. Read the official text →
The rule, in full
426 words as published, September 30, 2026. View the original →
I.D. No. PSC-39-26-00027-P PURSUANT TO THE PROVISIONS OF THE State Administrative Pro- cedureAct, NOTICE is hereby given of the following proposed rule: Proposed Action: The Commission is considering a petition by National Fuel Gas Distribution Corporation for authority to issue long term debt in the aggregate principal amount not to exceed $500 million through December 31, 2029. Statutory authority: Public Service Law, section 69 Subject: Issuance of securities and other forms of indebtedness. Purpose: To provide funding for capital needs. Substance of proposed rule: The Public Service Commission (Commis- sion) is considering a petition of National Fuel Gas Distribution Corpora- tion (NFG or the Company), filed on September 1, 2026, for authority to issue long-term securities for permitted purposes under Public Service Law Section 69. NFG requests authority to issue up to $500 million of new long- term debt securities at any time through December 31, 2029, for purposes of (1) reimbursement of the Company’s treasury for money expended for capital purposes, (2) payment for gross additions to util- ity plant used and useful in the public service, (3) repayment of short- term debt obligations outstanding and long-term promissory notes is- sued by the Company that will mature in 2027 and 2028, and (4) other corporate purposes. The full text of the petition and the full record of the proceedings may be reviewed online at the Department of Public Service web page: www.dps.ny.gov. The Commission may adopt, reject, or modify, in whole or in part, the action proposed and may resolve related matters. 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.ny.gov/f96dir.htm. For questions, contact: Beth Faranda, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-5306, email: beth.faranda@dps.ny.gov Data, views or arguments may be submitted to: Michelle L. Phillips, Sec- retary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, ,(518) 474-6530, email: secretary@dps.ny.gov Public comment will be received until: 60 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 StateAdministrative ProcedureAct. (26-G-0592SP1) NYS Register/September 30, 2026 HEARINGS SCHEDULED FOR PROPOSED RULE MAKINGS Agency I.D. No. Subject Matter Agriculture and Markets, Department of AAM-37-26-00002-P ....................... Examination of Livestock, DomesticAnimal Health Permits, Movement and Transfer of Horses, Vesicular Stomatitis Environmental Conservation, Department of ENV-37-26-00006-P........................ Reclassification of Newtown Creek Labor, Department o
Documents
- Full text (state register) · September 30, 2026
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