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Session Laws, 2006
Volume 750, Page 4078   View pdf image
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Ch. 5 2006 LAWS OF MARYLAND
COMPANY OR GAS COMPANY, IF THE PERSON WOULD BECOME AN AFFILIATE OF THE
ELECTRIC COMPANY OR GAS COMPANY AS A RESULT OF THE ACQUISITION. (E)     AN APPLICATION FOR AUTHORIZATION UNDER SUBSECTION (D) OF THIS
SECTION MUST INCLUDE DETAILED INFORMATION REGARDING: (1)      THE APPLICANT'S IDENTITY AND FINANCIAL ABILITY; (2)      THE BACKGROUND OF THE KEY PERSONNEL ASSOCIATED WITH THE
APPLICANT; (3)      THE SOURCE AND AMOUNTS OF FUNDS OR OTHER CONSIDERATION
TO BE USED IN THE ACQUISITION; (4)      THE APPLICANT'S COMPLIANCE WITH FEDERAL LAW IN CARRYING
OUT THE ACQUISITION; (5)     WHETHER THE APPLICANT OR THE KEY PERSONNEL ASSOCIATED
WITH THE APPLICANT HAVE VIOLATED ANY STATE OR FEDERAL STATUTES
REGULATING THE ACTIVITIES OF PUBLIC SERVICE COMPANIES; (6)      ALL DOCUMENTS RELATING TO THE TRANSACTION GIVING RISE TO
THE APPLICATION; (7)      THE APPLICANT'S EXPERIENCE IN OPERATING PUBLIC SERVICE
COMPANIES PROVIDING ELECTRICITY; (8)      THE APPLICANT'S PLAN FOR OPERATING THE PUBLIC SERVICE
COMPANY; (9)      HOW THE ACQUISITION WILL SERVE THE CUSTOMERS OF THE
PUBLIC SERVICE COMPANY IN THE PUBLIC INTEREST, CONVENIENCE, AND
NECESSITY; AND (10)    ANY OTHER INFORMATION THAT THE COMMISSION MAY SPECIFY BY
REGULATION OR ORDER (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;
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Session Laws, 2006
Volume 750, Page 4078   View pdf image
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