Title 26 Public Utilities
1000 General Regulations
Public Service Commission
1006 Requirements for Notice to the Commission Concerning the Intent to Incur Certain Short-Term Indebtedness
Effective Date: March 1, 1990.
PSC Order No. 3118 (Jan. 16, 1990); Regulation Docket No. 23.
PSC Order No. 6602 (Apr. 26, 2005); exempting Verizon Delaware, Inc.
No public utility, without having first given at least fifteen (15) days prior written notice to the Commission, which may be accomplished through a quarterly or annual report of, forecast short-term debt requirements, may issue or borrow any amount of short-term debt (defined as "any debt due in one year or less, and not subject to the approval of the Commission under 26 Del.C. §215," with the exception of debt that is used to repurchase or retire previously approved long term securities) which, when added to existing short-term debt exceeds ten (10) percent of the utility's total capitalization (defined as total equity, including retained earnings plus short-term debt, long-term debt and unamortized investment tax credits."