Wis. Admin. Code Public Service Commission PSC 6.06 - Remainder assessments
(1) TYPES OF ACTIVITIES. The activities whose
expenditures are chargeable to holding company remainder assessments are those
which cannot be reasonably attributed to any specific holding company or
nonutility affiliate. Examples of such activities are rulemaking regarding
holding company regulation and staff attendance at special seminars directly
relating to holding companies.
(2)
APPORTIONMENT. The holding company remainder assessment shall be apportioned
among all holding company systems in existence during the fiscal year in which
the remainder assessment costs have been incurred. Also included in the
apportionment shall be those persons who, during such fiscal year, have applied
for or been granted a certificate of approval to form a holding company but who
have not yet formed a holding company. The commission shall charge each such
holding company system or person a remainder assessment on the following basis:
The commission will compare the assets of the holding company system or, in the
case of a person who has not yet formed a holding company, the assets which
will be held by that person's holding company system when it is formed, to the
total assets of all existing and applied for but unformed holding company
systems. The resulting percentage will be the percentage which the holding
company system or person will pay of the total holding company remainder
assessment. The assets will be the assets declared, reported or identified, as
of the date of billing, under s.
196.795(2) (b),
196.795(5) (o) or
196.795(6),
Stats., or through any investigation or other commission proceeding, including
review of financial statements. Assets shall be determined pursuant to s.
196.795(5) (o), Stats.
(3) ADVANCE PAYMENT. No advance payment of a
remainder assessment under s.
196.85(2),
Stats., shall be required for the first 2 full fiscal years after November 28,
1985. Advance payments shall be required starting with the fiscal year
beginning July 1, 1988.
Notes
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