7. Quarterly Reporting for General Order 24-B

General Order (GO) 24-B requires utilities to submit a monthly report that contains, among other things, the following information: (i) the amount of debt and equity issued by the utility during the previous month; (ii) the total amount of debt and equity outstanding at the end of the prior month; (iii) the purposes for which the utility expended the proceeds realized from the issuance of debt and equity during the prior month; and (iv) a monthly statement of the separate bank account the utility is required to maintain for all receipts and disbursements of money obtained from the issuance of debt and equity.

GO 24-B applies to the debt and equity authorized by today's Decision. Although GO 24-B requires monthly reporting, the Commission routinely permits utilities to report quarterly in order to reduce the administrative cost of complying with the General Order.¹¹ There does not appear to be a need at this time for Alco to report monthly. Therefore, we will authorize Alco to report quarterly the information required by GO 24-B, except that Alco shall report monthly if directed to do so by the staff of the Commission's Water Division or successor organization. The quarterly reports shall be submitted no later than 25 days after the close of a calendar quarter. Consistent with § 824, Alco's reports shall demonstrate that the proceeds from any debt and equity issued pursuant to today's Decision have been used only for the purposes authorized by this Decision.

¹¹ See, e.g., D.07-09-007, D.07-08-012, D.07-06-039, D.03-12-052, and D.00-12-064.