Oregon Administrative Rules › Chapter 860 - PUBLIC UTILITY COMMISSION › Division 27 - BUDGETS, FINANCE, ACCOUNTING AND ANNUAL REPORTS › Section 860-027-0025 - Applications for Authority to Sell, Lease, Assign, Mortgage, Merge, Consolidate or Otherwise Dispose of or Encumber its Property, or to Acquire Stock, Bonds, or Property of Another Utility

Current through Register Vol. 63, No. 7, July 1, 2024
(1) The
			 requirements of this rule will apply to any energy or large telecommunications
			 utility seeking authority under ORS
			 757.480, ORS
			 757.485, ORS
			 759.375, and ORS
			 759.380. Every applicant shall
			 set forth in its application to the Commission, in the manner and form
			 indicated, the following information, which should, to the extent possible, be
			 furnished for each person, firm, or corporation involved.
(a) The exact name and address of the
			 utility's principal business office;
(b) The state in which incorporated, the date
			 of incorporation, and the other states in which authorized to transact utility
			 operations;
(c) Name and address of
			 the person on behalf of applicant authorized to receive notices and
			 communications in respect to the applications;
(d) The names, titles, and addresses of the
			 principal officers;
(e) A
			 description of the general character of the business done and to be done, and a
			 designation of the territories served, by counties and states;
(f) A statement, as of the date of the
			 balance sheet submitted with the application, showing for each class and series
			 of capital stock: brief description; the amount authorized (face value and
			 number of shares); the amount outstanding (exclusive of any amount held in the
			 treasury); amount held as reacquired securities; amount pledged; amount owned
			 by affiliated interests; and amount held in any fund;
(g) A statement, as of the date of the
			 balance sheet submitted with the application, showing for each class and series
			 of long-term debt and notes: brief description (amount, interest rate and
			 maturity); amount authorized; amount outstanding (exclusive of any amount held
			 in the treasury); amount held as reacquired securities; amount pledged; amount
			 held by affiliated interests; and amount in sinking and other funds;
(h) Whether the application is for
			 disposition of facilities by sale, lease, or otherwise, a merger or
			 consolidation of facilities, or for mortgaging or encumbering its property, or
			 for the acquisition of stock, bonds, or property of another utility, also a
			 description of the consideration, if any, and the method of arriving at the
			 amount thereof;
(i) A statement and
			 general description of facilities to be disposed of, consolidated, merged, or
			 acquired from another utility, giving a description of their present use and of
			 their proposed use after disposition, consolidation, merger, or acquisition.
			 State whether the proposed disposition of facilities or plan for consolidation,
			 merger, or acquisition includes all the operating facilities of the parties to
			 the transaction;
(j) A statement by
			 primary account of the cost of the facilities and applicable depreciation
			 reserve involved in the sale, lease, or other disposition, merger or
			 consolidation, or acquisition of property of another utility. If original cost
			 is not known, an estimate of original cost based, to the extent possible, upon
			 records or data of the applicant or its predecessors must be furnished, a full
			 explanation of the manner in which such estimate has been made, and a statement
			 indicating where all existing data and records may be found;
(k) A statement as to whether or not any
			 application with respect to the transaction or any part thereof, is required to
			 be filed with any federal or other state regulatory body;
(l) The facts relied upon by applicants to
			 show that the proposed sale, lease, assignment, or consolidation of facilities,
			 mortgage or encumbrance of property, or acquisition of stock, bonds, or
			 property of another utility will be consistent with the public
			 interest;
(m) The reasons, in
			 detail, relied upon by each applicant, or party to the application, for
			 entering into the proposed sale, lease, assignment, merger, or consolidation of
			 facilities, mortgage or encumbrance of property, acquisition of stock, bonds,
			 or property of another utility, and the benefits, if any, to be derived by the
			 customers of the applicants and the public;
(n) The amount of stock, bonds, or other
			 securities, now owned, held or controlled by applicant, of the utility from
			 which stock or bonds are proposed to be acquired; and
(o) A brief statement of franchises held,
			 showing date of expiration if not perpetual, or, in case of transfer, that
			 transferee has the necessary franchises.