Maryland Code, PUBLIC UTILITIES 6-210
Terms Used In Maryland Code, PUBLIC UTILITIES 6-210
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- including: means includes or including by way of illustration and not by way of limitation. See
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- Trustee: A person or institution holding and administering property in trust.
(i) the name and address of the creditor;
(ii) the character of the debt;
(iii) the nature of any security;
(iv) the date of origin of the debt;
(v) the date of maturity of the debt;
(vi) the total amount of the debt;
(vii) the rate of interest; and
(viii) the total amount of interest to be paid.
(2) If the long-term debt is in the form of bonds, debentures, or other widely held debt, the public service company shall list the name and address of the trustee, if available, in place of the name and address of the creditor.
(b) In its annual report, a public service company shall:
(1) except for the accounts payable of the public service company, describe each short-term debt, including:
(i) the name and address of the creditor;
(ii) the character of the debt;
(iii) the period of the debt;
(iv) the rate of interest;
(v) the total amount of the debt;
(vi) the nature of any security; and
(vii) the date the debt was paid or shall be paid;
(2) describe, if involving aggregate payments exceeding $1,000,000, each financing lease, equipment trust, conditional sales contract, or major liability related to the capital assets of the public service company; and
(3) provide a copy of any restrictive covenant attached to the debt described in item (1) or (2) of this subsection.
(c) In its annual report, a public service company shall, if available:
(1) list the name and address of each holder of more than 5% of each issue reported under this section; and
(2) identify the holder as a bank, broker, holding company, individual, or other person.