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ROBERT L. EHRLICH, JR., Governor
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H.B. 1713
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(F) (1) THE COMMISSION PROMPTLY SHALL:
(I) EXAMINE AND INVESTIGATE EACH APPLICATION RECEIVED
UNDER THIS SECTION; AND
(II) UNDERTAKE ANY PROCEEDINGS NECESSARY OR CONVENIENT
TO REVIEW THE APPLICATION IN ACCORDANCE WITH TITLE 3 OF THIS ARTICLE AND
ISSUE AN ORDER CONCERNING THE ACQUISITION.
(2) THE COMMISSION SHALL CONSIDER THE FOLLOWING FACTORS IN
CONSIDERING AN ACQUISITION UNDER THIS SECTION:
(I) THE POTENTIAL IMPACT OF THE ACQUISITION ON RATES AND
CHARGES PAID BY CUSTOMERS AND ON THE SERVICES AND CONDITIONS OF
OPERATION OF THE PUBLIC SERVICE COMPANY;
. (II) THE POTENTIAL IMPACT OF THE ACQUISITION ON CONTINUING
INVESTMENT NEEDS FOR THE MAINTENANCE OF UTILITY SERVICES, PLANT, AND
RELATED INFRASTRUCTURE;
(III) THE PROPOSED CAPITAL STRUCTURE THAT WILL RESULT
FROM THE ACQUISITION, INCLUDING ALLOCATION OF EARNINGS FROM THE PUBLIC
SERVICE COMPANY;
(IV) THE POTENTIAL EFFECTS ON EMPLOYMENT BY THE PUBLIC
SERVICE COMPANY;
(V) THE PROJECTED ALLOCATION OF ANY SAVINGS BETWEEN
STOCKHOLDERS AND RATE PAYERS;
(VI) ISSUES OF RELIABILITY, QUALITY OF SERVICE, AND QUALITY
OF CUSTOMER SERVICE;
(VII) THE POTENTIAL IMPACT OF THE ACQUISITION ON COMMUNITY
INVESTMENT;
(VIII) AFFILIATE AND CROSS-SUBSIDIZATION ISSUES;
(IX) THE USE OR PLEDGE OF UTILITY ASSETS FOR THE BENEFIT OF
AN AFFILIATE;
(IX) (X) JURISDICTIONAL AND CHOICE-OF-LAW ISSUES; AND
(X) (XI) ANY OTHER ISSUES THE COMMISSION CONSIDERS
RELEVANT TO THE ASSESSMENT OF ACQUISITION IN RELATION TO THE PUBLIC
CONVENIENCE, NECESSITY, AND INTEREST INTEREST, CONVENIENCE, AND
NECESSITY.
(3) (I) IF THE COMMISSION FINDS THAT THE ACQUISITION IS
CONSISTENT WITH THE PUBLIC CONVENIENCE, NECESSITY, AND INTEREST
INTEREST, CONVENIENCE, AND NECESSITY, AND PROVIDES A NET BENEFIT TO
CONSUMERS, THE COMMISSION SHALL ISSUE AN ORDER GRANTING THE
APPLICATION.
- 3939 -
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