Idaho Admin. Code r. 31.01.01.141

Current through September 2, 2024

Section 31.01.01.141 - FORM AND CONTENTS OF APPLICATION TO ISSUE SECURITIES

Except as provided in Rule 142, 147 or Section 61-909, Idaho Code, any utility applying to issue securities under Sections 61-901 through 61-904, Idaho Code, must submit an application with the following information:

01.Description. A general description of the applicant's field of operations.

02.A Full Description of the Securities. Including the proposed:

a. Amount;

b. Interest or dividend rates;

c. Date of issue (or statement that the securities will be a shelf registration);

d. Date of maturity;

e. Voting privileges;

f. Call or redemption provisions; and

g. Sinking fund or other provisions for securing payment.

03.A Statement of the Proposed.

a. Method of marketing;

b. Terms of sale;

c. Underwriting discounts or commissions;

d. Sale price; and

e. Net proceeds to the applicant, including itemized statements of all fees and expenses (estimated if not known) to be paid in connection with the proposed transaction.

04.A Statement of the Purposes. Statement of the purposes for which the proceeds from the securities will be used, including:

a. A description of the property to be acquired or constructed and a statement of its cost or value (estimated if not known);

b. A description of obligations to be refunded or expenditures for which reimbursement is intended; or

c. Other information advising the Commission of the nature and purposes of the proposed transaction.

05.Statement of Explanation. A statement explaining why the proposed transaction is consistent with the public interest and necessary or appropriate for or consistent with the applicant's proper performance of service as a public utility.

06.Financial Statement. A financial statement showing the authorized and outstanding classes of the applicant's securities and certified copies of the resolutions of stockholders or directors authorizing the proposed transaction and other instruments relating to the transaction.

07.Proposed Order. A proposed order granting the application, captioned proposed order of applicant, suitable for adoption by reference if the application is granted.

08.Statement of Public Notice Application. A statement that notice of the application has been published in those newspapers in general circulation in the applicant's service area in Idaho or nearest applicant's service area in Idaho or will be published within seven (7) days of the application. These newspapers are: the Coeur d'Alene Press (Coeur d'Alene), the Idaho Business Review (Boise), the Idaho State Journal (Pocatello), the Idaho Statesman (Boise), the Lewiston Morning Tribune (Lewiston), the Post Register (Idaho Falls), the Preston Citizen (Preston), the Bonner County Daily Bee (Sandpoint), and the Times News (Twin Falls). The Commission may require the applicant to furnish further necessary information.

Idaho Admin. Code r. 31.01.01.141

Effective March 31, 2022