Section 407-820-5 - LIMITATION ON UTILITY INVESTMENTS IN AFFILIATESA. Investment Permitted without Commission Approval. A utility that has attained investment grade bond rating and has not filed for, or been granted, a temporary rate increase pursuant to 35-A M.R.S.A. §1322 may invest in an affiliated interest a total amount not to exceed five percent of the utility's capitalization without specific Commission approval of the investment.B. Investment Not Permitted. No petition for affiliated interest or reorganization approval for a utility to invest in a non-regulated affiliated interest shall be approved if the utility's bond rating is below investment grade or if the utility has filed for, or been granted, a temporary rate increase pursuant to 35-A M.R.S.A. §1322 within six months of the filing for approval to invest in the affiliated interest. This subsection does not apply to a utility that has not attained investment grade bond rating because it is not publicly rated and does not have a private letter bond rating.C. Investment Governed by Sections 707 and 708 of Title 35-A. If subsections A and B do not apply to a utility's petition to invest in an affiliate, the petition is governed by sections 707 and 708 of Title 35-A.65- 407 C.M.R. ch. 820, § 5