Word Document PDF Document

· Renames the interexchange authority granted pursuant to Pub. Util. Code § 10131 through the simplified registration process established by D.97-06-107 a "registration license" (previously referred to as a "certificate of public convenience and necessity"). A "registration license holder," "registration licensee" or "registrant" is an entity that obtained or obtains interexchange authority pursuant to § 1013 through the simplified registration process established by D.97-06-107 that does not hold interexchange authority pursuant to § 1001;

· Requires all registrants to post a bond to facilitate the collection of fines, penalties, and restitution. The bond amount for existing registrants must be equal to or greater than 10% of intrastate revenues reported to the Commission during the preceding calendar year or $25,000, whichever is greater. The bond amount for new registrants that have not yet reported annual intrastate revenues to the Commission is $25,000;

· Requires registration license applicants to provide resumes of all key officers, directors, and owners of 10% or more of outstanding shares, listing all employment, from officers and directors of applicant, and to provide information on prior or current known investigations by governmental agencies, and any settlement agreements, voluntary payments, or any other type of monetary forfeitures;

· Requires applicants seeking to transfer registration licenses to verify compliance with Commission reporting, fee, and surcharge transmittals;

· Increases the application fee for new and transferred registration licenses from $75 to $250, and

· Establishes a minimum annual user fee of $100 for registrants, including those registrants reporting no intrastate revenues. As a result, registrants must pay an annual user fee based on the Commission-established rate in effect at that time (currently set at 0.18% of gross intrastate revenue) or $100, whichever is greater.

1 All statutory references are to the Public Utilities Code unless otherwise indicated.

Top Of PageNext PageGo To First Page