S.C. Code Regs. § § 103-823.1

Current through Register Vol. 48, No. 11, November 22, 2024
Section 103-823.1 - Financing Applications

Any electrical utility filing financing applications must provide the following information as a separate part of its application:

a. Identify the effect of the proposed financing on the utility's income statement and balance sheet and identify the impact of the proposed financing on the utility's capital structure;
b. Identify specifically how the funds obtained through the proposed financing are to be used by the utility;
c. Provide information on the possible impact on the utility if the proposed financing is not approved or if approval is delayed;
d. Specify the expected effective rate of interest of any debt financing (a range for the rate is appropriate). For common stock issues, provide information on the anticipated market price and book value per share at the time of issue;
e. Provide information on the expected benefits (e.g., savings expected from early debt retirement) and costs (e.g., issuance expenses) of the proposed financing. Provide any studies that were developed to identify these costs and benefits and the net result. (This could incorporate present value analysis of the costs and benefits.) Identify the basic assumptions of any analyses of costs and benefits.

S.C. Code Regs. § 103-823.1

Added by State Register Volume 36, Issue No. 5, eff May 25, 2012.