California Code of Regulations › Title 20 - Public Utilities and Energy › Division 1 - Public Utilities Commission › Chapter 1 - Rules of Practice and Procedure › Article 3 - Particular Applications › Section 3.5 - (Rule 3.5) Debt and Equity

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Applications to issue stock or evidences of indebtedness,
					 or to assume liabilities, under Sections
					 816
					 through
					 830
					 of the Public Utilities Code shall contain the following information:
(a) A general description of applicant's
				  property and its field of operation, the original cost of its property and
				  equipment, individually or by class, and the cost thereof to applicant and the
				  depreciation and amortization reserves applicable to such property and
				  equipment, individually or by class. If it is impossible to state original
				  cost, the facts creating such impossibility shall be stated.
(b) The amount and kind of stock, or other
				  evidence of interest or ownership, which applicant desires to issue, and, if
				  preferred, the nature and extent of the preference; the amount of bonds, notes
				  or other evidences of indebtedness which applicant desires to issue, with
				  terms, rate of interest, and whether and how to be secured; the amount and
				  description of the indebtedness which applicant desires to assume.
(c) The purposes for which the securities are
				  to be issued:
(1) If for property acquisition,
				  a detailed description thereof, the consideration to be paid therefor, and the
				  method of arriving at the amount.
(2) If for construction, completion,
				  extension or improvement of facilities, a description thereof in reasonable
				  detail, the cost or estimated cost thereof, and the reason or necessity for the
				  expenditures.
(3) If for
				  improvement of service, a statement of the character of the improvements
				  proposed, or if for maintenance of service, a statement of the reasons why
				  service should be maintained from capital.
(4) If for discharge or refunding of
				  obligations, a full description of the obligations to be discharged or
				  refunded, including the character, principal amount, discount or premium
				  applicable thereto, date of incurrence, date of maturity, rate of interest, and
				  other material facts concerning such obligations, together with a statement
				  showing the purposes for which such obligations had been incurred, or the
				  proceeds expended, and the Commission's decisions, if any, authorizing the
				  incurrence of such obligations.
(5)
				  If for the financing of the acquisition and installation of electrical and
				  plumbing appliances and agricultural equipment which are sold by other than a
				  public utility, for use within the service area of the public utility, a
				  statement of the reason or necessity for such financing.
(6) If for reorganization or readjustment of
				  indebtedness or capitalization, or for retirement or exchange of securities, a
				  full description of the indebtedness or capitalization to be readjusted or
				  exchanged; complete terms and conditions of the merger, consolidation, exchange
				  or other reorganization; a pro forma balance sheet, if possible, giving effect
				  to such reorganization, readjustment or exchange; and a statement of the reason
				  or necessity for the transaction.
(7) If for reimbursement of moneys actually
				  expended from income, or from any other moneys in the treasury, a general
				  description of the expenditures for which reimbursement is sought, the source
				  of such expenditures, the periods during which such expenditures were made, and
				  the reason or necessity for such reimbursement.