Full Text of PSC Decision
We have obtained a copy of this week's decision by the Public Service Commission approving UPC Wind's requests for 1) a certificate of public convenience and necessity pursuant to Section 68 of the Public Service Law, 2) approval of financing pursuant to Section 69 of the Public Service Law, and 3) approval a lightened regulatory regime as an electric corporation. Several fairly substantial contingencies were attached, which are worth reviewing. It is also interesting to note that UPC has been allowed to masquerade as a private corporation when it is expedient (e.g., withholding information based on the claim that it is private and proprietary) while being granted special treatment as a public utility. Can claims of eminent domain be far behind?
Click here to read the entire decision.
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