1. (a) An electric utility shall not sell, acquire, lease or rent any plant as an operating unit or system in the State of Texas for a total consideration in excess of $100,000 unless the electric utility reports such transaction to the commission while pending or within 30 days after closing.
2. (b) An electric utility shall not merge or consolidate with another electric utility or public utility operating in the State of Texas unless the electric utility reports such transaction to the commission while pending or within 30 days after closing.
3. (c) Electric utilities shall not purchase voting stock in another electric utility or public utility doing business in the State of Texas, unless the electric utility reports such purchase to the commission while pending or within 30 days after closing.
4. (d) Electric utilities shall not loan money, stocks, bonds, notes or other evidences of indebtedness to any corporation or person owning or holding directly or indirectly any stock of the electric utility unless the electric utility reports such transaction to the commission while pending or within 30 days after closing. A properly filed tariff change with respect to energy conservation loans available to customers, who may or may not be shareholders as described in this subsection, will be considered adequate reporting to the commission.

Source Note:The provisions of this §25.74 adopted to be effective September 8, 1998, 23 TexReg 9039.