No utility shall issue or renew any notes, bonds or other evidences of indebtedness payable less than 12 months after the date thereof if said short term debt exceeds 10% of the utility's net fixed plant without prior commission approval pursuant to Puc 201.05.

Source. (See Revision Note at Chapter heading Puc 1100) #6445, eff 1-28-97; ss by #8244, eff 12-31-04; ss by #10307, eff 4-9-13