Wis. Admin. Code Public Service Commission PSC 108.02 - Public invitation of bids
(1) Each such
public service corporation shall publicly invite the submission of written
sealed bids to be received at a stated date, hour, and place for the purchase
of the specified security. Such invitation shall be given at least 6 days prior
to the opening of the bids, or for such shorter interval as the commission may
approve. The invitation shall state the name and address of the person, firm,
or corporation from whom information regarding the public service corporation
and the proposed issue may be obtained. The duly authorized representative of
any party submitting a bid shall be entitled to be present at the opening of
the bids and to examine each bid submitted.
(2) Conformity with the provisions of Rule
U-50 of the federal securities and exchange commission with respect to public
invitation of proposals for the purchase or underwriting of securities shall be
deemed compliance with the rule prescribed by ch. PSC 108.
Notes
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