Section 15-3905. LOANS AND LOAN GUARANTEES

Latest version.

3905.1An energy utility shall not provide loans or loan guarantees to an affiliate or to the holding company. The general prohibition includes use of utility rate base asset as collateral for any affiliate or holding company activity.

3905.2Notwithstanding any provision to the contrary, an energy utility may participate in a cash management or money pool subject to federal regulations of the Securities and Exchange Commission or the Federal Energy Regulatory Commission.

authority

The Public Service Commission of the District of Columbia (Commission), pursuant to its authority under D.C. Code § 34-301 (2010 Supp.) and D.C. Code §§ 34-802 and 34-1513(c) (2001).

source

Notice of Final Rulemaking published at 58 DCR 1109, 1115 (February 4, 2011).

                    
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