Connecticut Administrative Code › Title 16 - Public Service Companies › 47 - Petitions and Applications, Sec. 16-47, Gen. Stat › Section 16-47-2 - Required information

Current through July 10, 2024
Each application under Section
				16-47
				of the General Statutes of Connecticut shall contain the following
				information:
(a) General description
			 of the property, field of operation, and existing business interests of the
			 applicant or description of the official, board or commission purporting to act
			 under any governmental authority other than that of this state or of its
			 divisions, municipal corporations or courts;
(b) Applicant's financial statement for the
			 most recent fiscal year and the pro forma period (include assumptions), giving
			 effect to the proposed transaction, to include balance sheet, income statement
			 and statement of source and application of funds;
(c) Applicant's most recent Form 10-K and
			 subsequent Forms 10-Q filed with the securities and exchange commission, or
			 comparable information if the applicant is not required to submit the
			 identified documents to the securities and exchange commission;
(d) Applicant's most recent Form 8-K filed
			 with the securities and exchange commission, or comparable information if the
			 applicant is not required to submit the identified document to the securities
			 and exchange commission;
(e)
			 Applicant's most recent annual report to stockholders, or comparable
			 information if such report is not published;
(f) Applicant's latest proxy statement sent
			 to stockholders, or comparable information if such report is not
			 published;
(g) Description of
			 transaction or series of transactions, including intended financing, by which
			 the proposed transaction will be effected, and agreements or other instruments
			 associated with the proposed transaction;
(h) A statement of purpose and intent of the
			 applicant in undertaking the proposed transaction(s);
(i) A statement of the benefits, including
			 rates, standards of service and efficiency and adequacy of management, that
			 would result to the customers and stockholders of the public service company or
			 holding company the interference with, or acquisition or control of which, is
			 the subject of the application (hereinafter "affected company");
(j) Any prospectus, official statement,
			 preliminary prospectus or preliminary official statement prepared by or on
			 behalf of the applicant or any other person with regard to the proposed
			 transaction(s);
(k) Applicant's
			 capital structure and capitalization ratios, present and pro forma (include
			 assumptions), assuming approval of the proposed transaction(s);
(l) Applicant's interest (before and after
			 income taxes) and fixed charge coverages, present and pro forma (include
			 assumptions), assuming approval of the proposed transaction(s);
(m) The proposed table of organization of the
			 management of the applicant, and of the affected company, after giving effect
			 to the proposed transaction(s), including the name of each executive officer on
			 each such proposed table of organization;
(n) The names of the proposed members of the
			 board of directors of the applicant, and of the affected company, after giving
			 effect to the proposed transaction(s);
(o) A narrative description of the proposed
			 operations of the applicant and the affected company for the first calendar
			 year following the effectiveness of the proposed transaction(s), including, but
			 not limited to, employment levels and office and service center locations, and
			 details of all changes from the existing operations of the affected
			 company;
(p) A description of the
			 experience of each of the applicants in the operation, management or control of
			 any public service company, and, to the extent not otherwise provided, a
			 statement as to the suitability of the applicants to control the affected
			 company;
(q) A list of all
			 department orders, rulings and regulations in effect and applicable to the
			 affected company, and an indication of those which the applicant proposes would
			 be discontinued in connection with the proposed transaction(s), together with a
			 statement of the reason for each such proposed discontinuance;
(r) A list of stockholder approval and all
			 federal, state and local governmental approvals required in order to effect the
			 proposed transaction(s), together with a description of the status of the
			 applicant's efforts to obtain each such approval as of the date reasonably
			 proximate to the date of the application;
(s) A statement of the percentage of voting
			 securities of the affected company owned or controlled by the applicant, and
			 control exercised or capable of being exercised over the public service company
			 after the conclusion of the proposed transaction.