New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter I - RULES OF PROCEDURE › Subchapter C - Applications For Authority › Article 3 - Transfer of Certificates, Permits and/or Property › Part 31 - Gas, Electric, Steam, Waterworks, Telegraph And Telephone Corporations › Section 31.1 - Contents of petition

Current through Register Vol. 46, No. 28, July 10, 2024
Applications under section 54,
						70, 83, 89-h, or
						99  of the Public Service Law, for approval of
						transfer or lease of consents, franchises, works or systems, or agreements
						affecting them shall be by joint or separate petitions, duly verified by all
						parties to the transfer or lease and shall show in detail the reasons for what
						is proposed, all of the facts warranting the same and that the transfer or
						lease is in the public interest. The petition shall state:
(a) In case of transfer, the facts called for
					 in subdivisions (f)-(i) and (p) of section
					 3.1 
					 of this Chapter applicable to property to be transferred.
(b) General description of the property to be
					 transferred or leased.
(c) List of
					 the franchises, consents and rights to be transferred or leased, including the
					 name of the grantor, date when granted, date of approval by this commission and
					 number of case in which approval was granted and copy of said franchises,
					 consents and rights duly certified by the proper official.
(d) A certified copy of the approval of the
					 municipality to the transfer or lease if any of the local consents or
					 franchises involved required that they shall not be transferred or leased
					 without the consent of the municipality granting the same.
(e) A copy of the proposed assignment,
					 contract, lease or agreement to be approved.
(f) Inventory of the property proposed to be
					 transferred or leased with the original cost of such property, original cost
					 being the cost to the person first devoting the property to public service, and
					 person being an individual, a corporation, a partnership, an association, a
					 joint stock company, a business trust or any organized group of persons whether
					 incorporated or not, or any receiver or trustee.
(g) In said inventory, the property shall be
					 classified according to the requirements of the system of accounts prescribed
					 by this commission applicable to the transferor or lessor.
(h) An estimate of the accrued depreciation
					 in the property together with a statement of the method or methods used in
					 arriving at such estimate.
(i) The
					 cost of said property as shown upon the balance sheet of the transferor or
					 lessor.
(j) The depreciation and
					 amortization reserves applicable to said property, estimated if not
					 ascertainable from books and records.
(k) A statement of contributions toward
					 construction of said property, such contributions to be subdivided so as to
					 show those subject to refund and those which are not.
(l) Statement of operating revenues, expenses
					 and taxes for each of the three calendar years preceding the date of the
					 petition relating to the property to be transferred or leased and balance sheet
					 of the transferor or lessor and of the transferee or lessee of the latest
					 available date.