2009 Request for Expedited Rate Increase -- Support for Motion to Dismiss
The New York State Department of State Division of Consumer Protection filed a response supporting the motion of the Department of Public Service to dismiss the rate filings. We agree that the companies failed to provide adequate information to justify a need for increased rates. We point out that it appeared that the sole reason for the rate increase request was to pay $400 million in dividends to its corporate parent.
2009 Request for Expedited Rate Increase -- Post-Hearing Brief
The New York State Department of State Division of Consumer Protection explained that the evidence in the record shows that the companies have adequate financial reserves and access to the capital markets to ensure that service remains safe and reliable. The Division also objected to the budgeted cost of the companies’ filing, $8 million, explaining that ratepayers should not have to pay for such a flawed filing. In addition, the Division urged the New York State Public Service Commission to direct the companies not to pay dividends to their parent just to be certain that the companies do not cause a liquidity problem by their own behavior.
2008 Gas Rate Case -- Testimony on Consumer Issues
The New York State Department of State Division of Consumer Protection explained that the evidence in the record shows that the companies have adequate financial reserves and access to the capital markets to ensure that service remains safe and reliable. We also objected to the budgeted cost of the companies’ filing, $8 million, explaining that ratepayers should not have to pay for such a flawed filing. In addition, the Division urged the New York State Public Service Commission to direct the companies not to pay dividends to their parent just to be certain that the companies do not cause a liquidity problem by their own behavior.