Minnesota Administrative Rules

7825.1000 DEFINITIONS FOR CAPITAL STRUCTURE APPROVAL.

Subpart 1.

Scope.

For the purpose of parts 7825.1000 to 7825.1500, the following definitions shall apply.

Subp. 2.

Capital structure.

"Capital structure" means the total capitalization of the public utility as defined in the Minnesota Public Utilities Act and including short-term securities.

Subp. 3.

Long-term security.

"Long-term security" is any security not meeting the definition of short-term security.

Subp. 4.

Public utility.

"Public utility" is as defined in Minnesota Statutes, section 216B.02, subdivision 4, but not including cooperative electric associations.

Subp. 5.

Security.

"Security" is as defined in Minnesota Statutes, section 216B.49, subdivision 1.

Subp. 6.

Short-term security.

"Short-term security" means any unsecured security with a date of maturity of no more than one year from the date of issuance; and containing no provisions for automatic renewal or "roll over" at the option of either the obligee or obligor.

Statutory Authority:

MS s 216B.08; 216B.49

Published Electronically:

January 20, 2005