The New York Public Service Commission (PSC) has granted a series of waivers from its existing ban against the submetering of gas service to commercial and industrial (C&I) customers in the state. The waivers will allow GCT Venture, Ltd. to submeter gas service to approximately 25 food vendors renting facilities and space within the real estate firm's proposed redevelopment of the grand Central terminal in New York City.
The PSC observed that gas submetering was prohibited because of safety considerations, especially in cases of residential service. In granting the waivers, however, it noted that safety concerns can be alleviated at C&I locations where submetering systems may more equitably allocate the costs of gas among tenants. It added that such improvements in energy pricing could assist economic development in the state. Re Submetering of Gas Service, Case No. 96-G-0454, Sept. 3, 1996 (N.Y.P.S.C.).
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