New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter I - RULES OF PROCEDURE › Subchapter C - Applications For Authority › Article 1 - General › Part 18 - Financial Condition Defined › Section 18.1 - Information required

Current through Register Vol. 46, No. 28, July 10, 2024
Whenever a petitioner is required to state its financial
						condition, there shall be submitted the following information:
(a) Amount and classes of stock authorized by
					 law or certificate of incorporation, as last amended.
(b) Where capital stock has been authorized
					 by the commission, the case number and date of the order of such
					 authorization.
(c) Separately for
					 each class of stock: par value, if any; amount actually paid to the corporation
					 for such stock; amount of premium realized thereon; number of shares and par
					 value, if any, of stock for which subscriptions have been received but which at
					 the date of the balance sheet had not been fully paid and issued together with
					 the agreed purchase price and amount of payments on such
					 subscriptions.
(d) Terms of
					 preference of each class of preferred stock.
(e) Separate statement for each class of
					 nonpar stock showing amount of each item transferred thereto from surplus or
					 other accounts, the date of such transfer and the title of the account from
					 which the transfer was made.
(f)
					 Where bonds, notes or other evidences of indebtedness have been authorized by
					 the commission, the case number and date of the order of such
					 authorization.
(g) Brief
					 description of each mortgage upon any property of the applicant giving date of
					 execution, name of mortgagor, name of mortgagee or trustee, amount of
					 indebtedness authorized to be secured thereby, amount of indebtedness actually
					 incurred and brief description of mortgaged property.
(h) Separately for each bond issue: the
					 number and amount of bonds authorized and issued; the amount outstanding, the
					 outstanding bonds to be subdivided between actually outstanding and nominally
					 outstanding (reacquired); the name of the company which issued the bonds; the
					 description of each class of bonds separately, giving date of issue, face
					 value, rate of interest, date of maturity and how secured. If convertible bonds
					 are authorized or outstanding, the date when the conversion privilege accrues
					 and expires, the securities into which and the rate at which conversion may be
					 made.
(i) Separate statement for
					 each affiliated interest as defined by the Public Service Law; the amount of
					 advances therefrom, the name of the creditor, the interest provisions, terms of
					 settlement and purpose for which the advances were made; other indebtedness to
					 each affiliated interest, except indebtedness representing ownership by an
					 affiliated interest of mortgages or bonds described in subdivisions (f) and (g)
					 of this section, giving classes of debt and the security, if any.
(j) Other indebtedness, classes of debt and
					 the security, if any.
(k) Amount of
					 interest accrued during the previous fiscal year at each of the several rates
					 required by the terms of the outstanding indebtedness and the amount of
					 interest accrued at each rate.
(l)
					 Rate and amount of dividends declared upon each class of stock during each of
					 the five years last preceding an amount of dividends paid.
(m) Statement of contingent assets and
					 contingent liabilities with a brief description of each major item, and
					 separately for each class of capital stock, the amount of unpaid cumulative
					 dividends accrued.
(n) Analysis of
					 unearned surplus showing the nature of each major item included therein, and
					 insofar as items in that account originated in connection with capital stock
					 transactions, the amount therein applicable to each class of stock.
(o) Statement of the program in effect for
					 the amortization of deferred debits and deferred credits or other balance sheet
					 accounts, and the bases upon which are determined the debits or credits whereby
					 such deferred debits are being amortized and whereby such deferred credits or
					 operating reserves are being written off or created.
(p) Detailed income statement and balance
					 sheets for latest fiscal year; also latest available income statement and
					 balance sheets for 12 months.
A reference in the petition to annual or other reports
						  filed or to be filed with the commission will not be deemed a compliance with
						  the provisions of this section.