N.Y. Comp. Codes R. & Regs. tit. 16, § 37.4 – Specific provisions for improvement or maintenance of service. | Midpage
§ 37.4
N.Y. Comp. Codes R. & Regs. tit. 16, § 37.4
Specific provisions for improvement or maintenance of service.
Department of Public Service
(a) Statement in detail of the purposes of the proposed expenditure and the estimated cost thereof.
(b) Copy of construction or work agreement.
(c) Description and book cost in detail of all property which will be retired in connection with the proposed construction, with an estimate of the cost of removal and the salvage to be recovered.
(d) An affidavit by the chief accounting officer of the petitioner that no part of the cost of the work proposed is in whole or in part reasonably chargeable to operating expenses or to income, except as therein set forth.
(e) Detailed statement of the reasons why the proposed expenditures should be defrayed by the issuance of securities.
(f) At the hearing, the applicant shall be prepared to show by competent evidence that it is necessary to issue the securities for the purposes proposed, that the proposed expenditures are required to provide adequate service at reasonable rates and that the statements in the petition are true.
If securities are to be issued for the improvement or maintenance of its service [the petition duly verified shall state or contain]: