[Code of Federal Regulations]
[Title 18, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 18CFR34.4]

[Page 241-242]
 
           TITLE 18--CONSERVATION OF POWER AND WATER RESOURCES
 
  CHAPTER I--FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY
 
PART 34_APPLICATION FOR AUTHORIZATION OF THE ISSUANCE OF SECURITIES OR 
THE ASSUMPTION OF LIABILITIES--Table of Contents
 
Sec. 34.4  Required exhibits.

    (a) Exhibit A. The applicant must file the statement of corporate 
purposes from its articles of incorporation.
    (b) Exhibit B. A copy of all resolutions of the applicant's 
directors authorizing the issuance of securities for which the 
application is made; and copies of the resolution of the stockholders 
approving such issuance if approval of the stockholders has been 
obtained.
    (c) Exhibit C. The Balance Sheet and attached notes for the most 
recent 12-month period for which financial statements have been 
published, provided that the 12-month period ended no more than 4 months 
prior to the date of the filing of the application, on both an actual 
basis and a pro forma basis in the form prescribed for the ``Comparative 
Balance Sheet'' of FERC Form No. 1, ``Annual Report for major electric 
utilities, licensees and others.'' Each adjustment made in determining 
the pro forma basis must be clearly identified.
    (d) Exhibit D. The Income Statement and attached notes for the most 
recent 12-month period for which financial statements have been 
published, provided that the 12-month period ended no more than 4 months 
prior to the date of the filing of the application, on both an actual 
basis and a pro forma basis in the form prescribed for the ``Statement 
of Income for the Year'' of FERC Form No. 1, ``Annual Report for major 
electric utilities, licensees and others.'' Each adjustment made in 
determining the pro forma basis must be clearly identified.
    (e) Exhibit E. A Statement of Cash Flows and Computation of Interest 
Coverage on an actual basis and a pro forma basis for the most recent 
12-month period for which financial statements have been published, 
provided that the 12-month period ended no

[[Page 242]]

more than 4 months prior to the date of the filing of the application. 
The Statement of Cash Flows must be in the form prescribed for the 
``Statement of Cash Flows'' of the FERC Form No. 1, Annual Report for 
major electric utilities, licensees and others,'' followed by a 
computation of interest coverage, in the form of the following 
worksheet:

------------------------------------------------------------------------
                                                                  OMB
                                                                control
                                                     Actual    No. 1902-
  Federal Energy Regulatory Commission worksheet    for the    0043, pro
       for computation of interest coverage           year     forma for
                                                   ended mm-   the year
                                                     dd-yy     ended mm-
                                                                 dd-yy
------------------------------------------------------------------------
Net income
Add: Interest on Long-Term Debt, Interest on
 Short-Term Debt, Other Interest Expense, Total
 Interest Expense
  Federal and State Income Taxes
Income Before Interest and Income Taxes

         Computation of Interest Coverage

Income Before Interest and Income Taxes / Total
 Interest Expense = Interest Coverage
------------------------------------------------------------------------


    (f) Exhibit F. A copy of registration statement and exhibits which 
are filed with the Securities and Exchange Commission for the proposed 
security issuance.

[Order 182, 46 FR 50514, Oct. 14, 1981, as amended by Order 390, 49 FR 
32505, Aug. 14, 1984; Order 575, 60 FR 4853, Jan. 25, 1995; 60 FR 27882, 
May 26, 1995]