No utility shall issue or renew any notes, bonds, or other evidence of indebtedness payable less than 12 months after the date thereof without prior commission approval pursuant to Puc 203.01 and Puc 203.06 if said short term debt exceeds 10% of the utility's net fixed plant.

Source. #13889, eff 4-22-24; ss by #14461, eff 1-2-26, EXPIRES 1-2-36