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§ 6-210. Description of debt holdings in annual report

West's Annotated Code of MarylandPublic UtilitiesEffective: April 14, 2009

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 6. Business Structure (Refs & Annos)
Subtitle 2. Reporting Requirements (Refs & Annos)
Effective: April 14, 2009
MD Code, Public Utilities, § 6-210
Formerly cited as MD PUBLIC UTIL COMP § 6-210
§ 6-210. Description of debt holdings in annual report
Currentness
Long-term debt
(a)(1) Except as provided in paragraph (2) of this subsection, a public service company shall describe in its annual report each long-term debt of the public service company exceeding $1,000,000, including:
(i) the name and address of the creditor;
(ii) the character of the debt;
(iii) the nature of any security;
(iv) the date of origin of the debt;
(v) the date of maturity of the debt;
(vi) the total amount of the debt;
(vii) the rate of interest; and
(viii) the total amount of interest to be paid.
(2) If the long-term debt is in the form of bonds, debentures, or other widely held debt, the public service company shall list the name and address of the trustee, if available, in place of the name and address of the creditor.
Short-term debts and liabilities related to capital assets
(b) In its annual report, a public service company shall:
(1) except for the accounts payable of the public service company, describe each short-term debt, including:
(i) the name and address of the creditor;
(ii) the character of the debt;
(iii) the period of the debt;
(iv) the rate of interest;
(v) the total amount of the debt;
(vi) the nature of any security; and
(vii) the date the debt was paid or shall be paid;
(2) describe, if involving aggregate payments exceeding $1,000,000, each financing lease, equipment trust, conditional sales contract, or major liability related to the capital assets of the public service company; and
(3) provide a copy of any restrictive covenant attached to the debt described in item (1) or (2) of this subsection.
Holders of reported issues
(c) In its annual report, a public service company shall, if available:
(1) list the name and address of each holder of more than 5% of each issue reported under this section; and
(2) identify the holder as a bank, broker, holding company, individual, or other person.

Credits

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998. Amended by Acts 2009, c. 60, § 1, eff. April 14, 2009.
Formerly Art. 78, §§ 67A, 67E.
MD Code, Public Utilities, § 6-210, MD PUBLIC UTIL § 6-210
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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