Post-Effective Amendment to a U-1 — Form U-1
Filing Table of Contents
Document/Exhibit Description Pages Size
1: POS AMC Pleasants Post-Effective Amendment No. 7 3 9K
2: EX-99 Maryland Application 13 29K
6: EX-99 Maryland Order 2 12K
3: EX-99 Ohio Application 17 57K
7: EX-99 Ohio Order 3 14K
8: EX-99 Pennsylvania Order 2 11K
4: EX-99 Pennsylvania Securities Certificate (Application) 39 111K
5: EX-99 Virginia Application 7 25K
9: EX-99 Virginia Order 2 11K
EX-99 — Maryland Order
| EX-99 | 1st Page of 2 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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Exhibit D-6(a)
STATE OF MARYLAND
PUBLIC SERVICE COMMISSION
ORDER NO. 71020
IN THE MATTER OF THE APPLICATION *
OF THE POTOMAC EDISON COMPANY
FOR AUTHORITY TO ISSUE NOT MORE *
THAN ONE HUNDRED NINETY-FIVE
MILLION DOLLARS ($195 000 000) * BEFORE THE
ADDITIONAL FIRST MORTGAGE PUBLIC SERVICE COMMISSION
BONDS, NOT MORE THAN TWENTY-ONE * OF MARYLAND
MILLION DOLLARS ($21 000 000) IN
POLLUTION CONTROL NOTES AND UP *
TO 150 000 ADDITIONAL SHARES OF CASE NO. 8622
PREFERRED STOCK. *
The Potomac Edison Company ("Company"), on November 26, 1993, filed
an application with the Commission requesting: (1) authority to issue an
aggregate principal amount of not more than $195 000 000 of additional
First Mortgage Bonds in one or more new series, each such series to have
a single maturity of not more than thirty (30) years; (2) authority to
issue Pollution Control Notes not in excess of $21 000 000 to support the
issuance of tax exempt pollution control revenue bonds by the County
Commission of Pleasants County, West Virginia; and (3) authority to issue
up to 150 000 of additional shares of preferred stock with a par value of
$100 per share.
By memorandum dated January 21, 1994, the Commission's Technical
Staff presented to the Commission its comments regarding the application
and a recommendation that the application be approved.
The Commission, at its Administrative Meeting of January 26, 1994,
reviewed and considered the application and the recommendation of the
Technical Staff. Based on this review, the Commission finds that the
issuance of additional First Mortgage Bonds in one or more new series,
each series having a single maturity of not more than thirty (30) years;
the issuance of Pollution Control notes not in excess of $21 000 000 to
support the issuance of tax exempt pollution control revenue bonds; and
the issuance of 150,000 additional shares of preferred stock, is
consistent with the public convenience and necessity and is reasonably
required for the purposes of the Company, to wit: the reimbursement of
moneys (not secured by or obtained from the issue of stocks, bonds,
securities, notes, or other evidences of indebtedness, payable in whole or
in part more than 12 months after the date of issuance) expended within
five years next prior to the filing of this application for (iii) the
discharge or lawful refunding of its obligation.
IT IS, THEREFORE, this 28th day of January, in the year Nineteen
Hundred and Ninety-four, by the Public Service Commission of Maryland,
ORDERED: (1) That The Potomac Edison Company is authorized:
(a) To issue $195 000 000 principal amount of its
First Mortgage Bonds in one or more new series, each such series to have
a single maturity of not more than thirty (30) years;
(b) To issue Pollution Control Notes not in excess of
$21,000,000 to support the issuance of tax exempt pollution control
revenue bonds by the County Commission of Pleasants, West Virginia; and,
(c) To issue up to 150 000 additional shares of
preferred stock with a par value of $100.00 per share.
(2) That The Potomac Edison Company shall forward to the
Commission a copy of the underwriting agreement, if any, promptly
following approval by the Board of Directors or Executive Committee of the
Company.
(3) That The Potomac Edison Company shall make reports to
this Commission, duly verified by Affidavits as follows:
(a) That immediately upon the issuance and sale or
other disposition of the bonds, notes and preferred stock hereinbefore
authorized to be issued, showing the fact and the date of such issuance,
the terms and conditions thereof, and the amount realized therefrom.
(b) Within 30 days after June 30, 1994, covering the
period ending on the said date, and thereafter within 30 days after
December 31 and June 30 of each year, covering the six months' periods
ending on the said date, showing the use and application made during such
periods of the proceeds of said bonds, notes and stock issuances, until
such proceeds shall have been fully expended.
By Direction of the Commission,
/s/ RONALD E. HAWKINS
Executive Secretary
TRUE - COPY: TEST
/s/ Ronald E. Hawkins
Secretary
Dates Referenced Herein and Documents Incorporated by Reference
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