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 reporting utility holding company executive compensation and the reporting of executive compensation and bonuses paid, but not yet received, for Tier 1 utilities.

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.