6. Fee
Whenever the Commission authorizes a utility to issue debt and preferred stock, the Commission is required to charge and collect a fee pursuant to Pub. Util. Code §§1904(b) and 1904.1. The fee is calculated as follows:
Table 2
Calculation of Fee
Securities |
Amount of Securities |
Rate per $1,000 of Proposed Securities |
Total Fee |
$800 Million of Debt Securities |
$1,000,000 |
$2 |
$2,000 |
$9,000,000 |
$1 |
$9,000 | |
$790,000,000 |
$0.50 |
$395,000 | |
Subtotal |
$406,000 | ||
$150 Million of Preferred/Preference Stock |
$1,000,000 |
$2 |
$2,000 |
$9,000,000 |
$1 |
$9,000 | |
$140,000,000 |
$0.50 |
$70,000 | |
Subtotal |
$81,000 | ||
Total Fee |
$487,000 | ||
