No utility shall issue or renew any notes, bonds, or other evidence 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 203.01 and Puc 203.06.

Source. #13887, eff 2-22-24; ss by #14460, eff 1-2-26, EXPIRES 1-2-36