No utility shall issue or renew any notes, bonds, or other evidences of indebtedness payable less than 12 months after the date thereof if such short term debt exceeds 10% of the utility’s net fixed plant without prior commission approval pursuant to Puc203.01.

Source. #6605, eff 10-21-97 (formerly Puc 312); ss by #8448, eff 10-18-05; ss by #10603, eff 5-21-14; ss by #14106, eff 10-25-24, EXPIRES: 10-25-34 (formerly Puc 307.05) (see Revision Note at chapter heading for Puc 300)