Every utility engaged in any intrastate business in this state must file with the commission a true and correct statement, properly verified, of every outstanding or existing agreement between it and any holding company or affiliated interests, substantially affecting the financial status or credit of the utility, or the management or control of the utility by such holding company or affiliated interests. Thereafter, it shall be the duty of every such utility, within 30 days after the making thereof, to file with the commission a verified statement of every new agreement or modification of an existing agreement of like character; provided, that the commission may, by affirmative action, relieve any utility from the duty or obligation of filing any such statement. The commission shall have full authority and power to investigate any such agreement, and if the commission, after due notice and hearing, finds that such agreement is unjust and unreasonable, the commission shall make and enter such order as is just and reasonable relating thereto.
Structure Code of Alabama
Title 37 - Public Utilities and Public Transportation.
Chapter 4 - Public Utilities Other Than Transportation Companies or Motor Vehicle Carriers.
Article 1 - Rate and Other Regulations.
Section 37-4-2 - Jurisdiction of Commission Limited as to Nonutilities.
Section 37-4-2.1 - Regulation of Certain Private Water System Utilities in Class 8 Municipalities.
Section 37-4-3 - Officers and Directors Occupy Fiduciary Relationship.
Section 37-4-4 - Directors Not to Delegate or Relinquish Duties.
Section 37-4-5 - Sale or Purchase of Securities by Utility Employees.
Section 37-4-6 - Payment of Dividends.
Section 37-4-11 - Sale, Pledge or Other Disposition of Securities.
Section 37-4-12 - Guarantee or Obligation on Part of State Not to Be Implied.
Section 37-4-13 - Provisions of Article Not Applicable to Certain Notes.
Section 37-4-14 - Receiver's Certificate or Debentures.
Section 37-4-15 - Reports by Utility.
Section 37-4-16 - Validity of Securities Issued Without Authorization; Penalty for Violation.
Section 37-4-18 - Valuation of Utility Property - Notice; Filing of Protest; Finality.
Section 37-4-19 - Valuation of Utility Property - Hearing Upon Protest; Corrections; Final Order.
Section 37-4-20 - Valuation of Utility Property - Revaluation.
Section 37-4-21 - Valuation of Utility Property - Appeals.
Section 37-4-22 - Contract Rates.
Section 37-4-23 - Inspection and Supervision Fees - Generally.
Section 37-4-24 - Inspection and Supervision Fees - Recovery of Delinquent Fees.
Section 37-4-25 - Intercorporate Relations - Treatment of Utility as Part of General System.
Section 37-4-27 - Special or Reduced Rates.
Section 37-4-28 - Certificate of Convenience and Necessity - When Required; Application; Issuance.
Section 37-4-30 - Obtaining Electric Service Under a Private Contract; Definitions.