The New York Public Service Commission (PSC) heard staff testimony for the first time on August 20. The PSC released a press release thereafter, indicating its intent to resolve the case, which has been pending since May 2007, next week:
Today’s briefing, to be followed by an expected decisional meeting on August 27, capped a year-long review of Iberdrola’s proposal. This review included holding six public statement hearings. The record compiled in the case includes hundreds of pages of submitted testimony and exhibits.
The briefing was designed to provide a balanced view of the strengths and weaknesses of the proposal in an effort to help the Commissioners weigh the risks and benefits of the proposal.
Topics discussed included the financial condition of Iberdrola, the petitioners’ service quality and reliability, their commitments to the community, holding company risks, regulatory compliance, credit rating risks, and utility ownership of wind generation. The Commission’s public discourse is available for viewing at http://www.dps.state.ny.us/webcast_sessions.htm. [For those interested in watching, the Iberdrola-Energy East discussion began more than two hours into the PSC meeting. Don’t forget the popcorn.]