Conclusion

As a result of this rulemaking, we are now amending GO 77 in the three areas described in this order. We will also make minor nonsubstantive grammatical changes. A copy of the new GO 77-L is attached to this decision, as Appendix A, showing the revisions (additions and strike-outs) made to GO 77-K.

We will also expand the scope of the rulemaking to solicit further comments from interested parties in the areas of Tier 1 utilities reporting holding company executive compensation and executive compensation and bonuses paid, but not yet received.

Categorization of Proceeding

In the rulemaking, this proceeding was preliminarily categorized as quasi-legislative and we preliminarily determined that hearings were unnecessary. Based on the record, we conclude that the proceeding is properly categorized and that a public hearing is unnecessary.