PSC Approval definition

PSC Approval means an order issued by the Delaware PSC approving the terms of this Service Classification without modification and authorizing Company to recover all of its Costs incurred hereunder, which order shall be in form and substance reasonably acceptable to Company.
PSC Approval means the issuance by the New York Public Service Commission of either (a) a ruling disclaiming jurisdiction to review the transactions contemplated by this Agreement under section 70 of the State of New York’s Public Service Law (“PSL”) and confirming lightened regulation under the PSL or (b) an order approving the transaction under PSL section 70 and confirming lightened regulation under PSL section 70.
PSC Approval has the meaning set forth in Section 4(a)(ii). "Proxy Statement/Prospectus" means the combined proxy statement of Corning Gas and prospectus with respect to the Holding Corp. Common Stock in the form first filed with the SEC after the Effective Date, as amended or supplemented form time to time prior to the Closing Date. "SEC" means the U.S. Securities and Exchange Commission. "Settlement Agreement" means the Joint Proposal regarding Corporate Restructuring, Standards Governing Affiliate Relations, Acquisition of Stock and Use of Revenues received from the Rendition of Public Service, dated as of the 15th day of March 2013, of the Staff of the New York Department of Public Service and Corning Gas, in Case 12-G-0141 and Case 11-G-0417. "Share Exchange" means the exchange of Corning Gas Common Stock for Holding Corp. Common Stock as provided in this Agreement and the Certificate of Exchange to be effective at the Effective Time. "Shareholder Approval" means approval of this Agreement and the Share Exchange by the holders of at least 66 2/3rd of the outstanding Corning Gas Common Stock at the Special Meeting. "Special Meeting" means the special meeting of Corning Gas Shareholders to be held as provided in the Proxy Statement/Prospectus and any adjournment thereof. "Stock Plan" means the Amended and Restated 2007 Corning Natural Gas Corporation Stock Plan, as amended from time to time. "Substitute Option" has the meaning set forth in Section 2(c).

Examples of PSC Approval in a sentence

  • The Buyer requires no Consents or Permits (other than PSC Approval) to execute, deliver, and perform its obligations under this Agreement, or for the parties to consummate the Transaction, other than as set forth in Schedule 7.5.


More Definitions of PSC Approval

PSC Approval means approval by the PSC of this Agreement in its entirety and without material condition or limitation.
PSC Approval means an order issued by the DCPSC approving the terms of this Agreement without modification and authorizing Buyer to recover all of its costs incurred hereunder, which order shall be in form and substance reasonably acceptable to Buyer.
PSC Approval means the approval of the transactions contemplated by this Agreement by the South Carolina Public Service Commission pursuant to S.C. Code § 58-33-185(A).
PSC Approval means an order issued by the Delaware PSC approving the terms of this Agreement without modification and authorizing Buyer to recover all of its costs incurred hereunder, which order shall be in form and substance reasonably acceptable to Buyer.
PSC Approval means approval by the PSC of this Agreement in its entirety and without material condition or limitation. Qualifying Curtailment. A Reliability Curtailment or any NYISO directive or action that (i) Seller is unable to avoid or mitigate in whole or in part through Good Utility Practice or commercially reasonable efforts and (ii) partially or completely prevents the Associated New Transmission Facility from dispatching from the Withdrawal Point to the Delivery Point.
PSC Approval means (a) a written order of the New York State Public Service Commission ("PSC") approving this L&O Agreement without any modification to this L&O Agreement, in which case the date of such PSC Approval shall be the date of such written order or (b) a written order of the PSC approving this L&O Agreement with any modification(s) to this L&O Agreement; provided that each party, in its respective sole discretion which is not to be judged by any standard of reasonableness or any similar standard, agrees to accept each such modification to this L&O Agreement in a signed writing between the parties that is entered into no later than the earlier of (y) sixty (60) days after the date of such order or (z) within such time as such order requires Con Edison to agree to such modification(s), in which case the Confidential [***] Confidential treatment has been requested with respect to material omitted on this page. The omitted portions have been filed separately with the Securities and Exchange Commission. 3 date of such PSC Approval shall be the date of such agreement of the parties to accept such modification(s).
PSC Approval means a written order by the PSC approving the Buyer’s application for an “advance determination of prudence” with respect to the transactions contemplated by this Agreement on terms that do not impose any limitation or condition that would reasonably be expected to have (i) an adverse effect on the Buyer’s ability to fully recover all costs incurred in connection with the transactions contemplated by this Agreement and the Facility, or (ii) a material adverse effect on the reputation, business, financial condition, or prospects of the Buyer.