State PSC definition
Examples of State PSC in a sentence
The Company and its Subsidiaries pay for network facilities and services provisioned under the Interconnection Agreements at rates no higher than those rates approved in the most recent TELRIC cost order from each respective State PSC in states in which the Company or any of its Subsidiaries has Interconnection Agreements.
Due to the disparity between actual market electricity prices and the price paid for electricity under Taxpayer’s PPA and other the State PSC and consumers pressured X to reduce its rates and move toward a competitive market.
As early as March, Year 6, the State PSC began to investigate methods to create competitive opportunities for State electricity consumers, including X’s customers, and requested that the utilities do the same.
This section is based on the existing regulatory structure per New York State P.S.C. No. 900 tariff, Section 13 G.
No Company License, Order or other agreement, obtained from, issued by or concluded with any State PSC would impose restrictions on the ability of any Company Subsidiary to make payments, dividends or other distributions to the Company or any Company Subsidiary that limits, or would reasonably be expected to limit, the cash funding and management alternatives of the Company on a consolidated basis in a manner disproportionate to restrictions applied by other State PSCs.
In May, Year 9, the State PSC issued an order describing its goals and strategies for restructuring State’s electric utility industry and stated that all possible efforts to reduce electric rates should be continued, including efforts to reduce utility commitments under contracts that include obligations for payments well above current wholesale prices.
Although the State PSC did not adopt a formal curtailment plan in Year 7, it continued its efforts to encourage regulated public utilities, including X, to develop a competitive electric market for State.
In response, in October, Year 8, X submitted a proposal entitled “Proposal” to the State PSC for reducing its electric rates to its customers.
Parent and its Subsidiaries pay for network facilities and services provisioned under the Interconnection Agreements at rates no higher than those rates approved in the most recent TELRIC cost order from each respective State PSC in states in which Parent or any of its Subsidiaries has Interconnection Agreements.
The bus at the Oneida substation shall be maintained at its present voltage levels for National Grid to hold regulated voltage to its <600V distribution customers within +2.5%/-5% as NY State PSC obligated.