Case 07-E-0462, Horizon Wind Energy LLC, Declaratory Ruling on Review of Transfer Transactions (Section 70) (issued June 26, 2007)

The firm represented Petitioners in a proceeding at the Public Service Commission seeking a Declaratory Ruling with regards to the application of Public Service law §70 to a certain transfer of Class B ownership interests and the application of the PSC’s precedential Wallkill Presumption. The Commission found that the joint Petitioners satisfied the Wallkill Presumption and that the transfer of Class B interests was not a transfer of ownership interests within the meaning of PSL §70.