W. Va. Code R. § 150-1-21

Current through Register Vol. XLI, No. 45, November 8, 2024

Section 150-1-21 - Financial Condition to Accompany Petitions

21.1. Unless otherwise ordered by the Commission, whenever a petitioner or utility is required to state its financial condition, the statement shall include a detailed income statement, cash flow statement and comparative balance sheet for latest fiscal year.

21.2. Whenever a petitioner seeks authority for a transaction pursuant to Rule 10.7, 10.8, or 10.9, the petitioner shall file the following, if available:

21.2.1. Amount and class of stock authorized by the certificate of incorporation and by any other public authority;

21.2.2. Amount and class of stock issued and outstanding;

21.2.3. Terms of preference of all preferred stock;

21.2.4. Brief description of each mortgage upon any property of the applicant giving date of execution, name of mortgagor, name and address of mortgagee or trustee, amount of indebtedness authorized to be secured thereby, amount of indebtedness actually accrued, amount of principal outstanding, amount of interest due and unpaid, and brief description of mortgaged property;

21.2.5. Number and amount of bonds authorized and issued, giving name of issuing company, describing each class separately, giving date of issue, par value, rate of interest, date of maturity and how secured; and, if convertible debentures are authorized or outstanding, also the dates when the conversion privilege accrues and expires, and the securities into which and the rate at which conversion may be made;

21.2.6. Other indebtedness, giving name of classes and describing security, if any.

21.2.7. Amount of interest paid during previous calendar year and rate thereof; if different rates were paid, the amount paid at each rate; and

21.2.8. Rate and amount of dividends paid upon each class of stock during previous five years.

21.3. A reference in the petition to annual or other reports filed or to be filed with the Commission will not be deemed compliance with the provisions of this rule.

W. Va. Code R. § 150-1-21