(a) In this subtitle the following words have the meanings indicated. (b) “Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management or policies of a person. (c) “Financing lease” means a lease that, during the noncancelable lease period: (1) covers at least 75% of the economic life of the […]
(a) The Commission may classify the public service companies under its jurisdiction. (b) Two public service companies are of the same class, if they are both: (1) common carrier companies; (2) electric companies; (3) gas companies; (4) gas and electric companies; (5) sewage disposal companies; (6) telegraph companies; (7) telephone companies; or (8) water companies.
The Commission may: (1) establish a uniform system of records for each class of public service company; and (2) prescribe the manner and form in which a public service company shall keep records and enter particular items.
The Commission shall prescribe a system, a form of records, and a form of annual report for public service companies that conform as nearly as possible to the system and forms that any corresponding federal regulatory unit requires for public service companies of the same class in interstate commerce.
(a) (1) This subsection does not apply to railroads. (2) Except as provided in subsection (b) of this section, each public service company shall file with the Commission an annual report containing information on its corporate structure, affiliations of its officers and directors, and debt holdings. (3) (i) Notwithstanding any specific reporting requirements in this subtitle, the Commission may prescribe […]
(a) A public service company shall file its annual report with the Commission within the time the Commission sets after the end of the year that the report covers. (b) (1) The Commission shall provide each public service company with a blank form of an annual report in time to allow the public service company to comply with […]
In addition to any other information that the Commission requires, the annual report of a public service company shall state: (1) the amount and kind of: (i) authorized capital stock; (ii) capital stock issued and outstanding; (iii) authorized bonded indebtedness; and (iv) bonds and other evidence of indebtedness issued and outstanding; (2) receipts and expenditures for the year reported; (3) the amount […]
(a) A public service company shall list in its annual report the name and address, basis of control, and principal business activities of: (1) the public service company; and (2) each: (i) parent; (ii) subsidiary of the public service company; (iii) organization the public service company controls; and (iv) joint venture in excess of $1,000,000 in which the public service company is […]
(a) (1) A public service company shall list in its annual report the name and address of: (i) each principal officer, director, trustee, or partner of the public service company and its parent; and (ii) each individual exercising functions similar to that of a director, trustee, or partner on behalf of the public service company and its parent. (2) For […]
(a) (1) Except as provided in paragraph (2) of this subsection, a public service company shall describe in its annual report each long-term debt of the public service company exceeding $1,000,000, including: (i) the name and address of the creditor; (ii) the character of the debt; (iii) the nature of any security; (iv) the date of origin of the debt; (v) the […]
