20.45.04.15

.15 Telephone Utility Filing for Bankruptcy Protection — Notice to Commission.

A. Required Notice. If a utility or an affiliate, holding company, or parent company of the utility files a plan for reorganization or liquidation of its assets in a court of competent jurisdiction, the utility shall provide written notice of the filing to the Commission.

B. Commission Action. On receipt of the notice under §A of this regulation or a finding under Regulation .13 of this chapter, the Commission may require the utility to provide periodic reports to demonstrate that it is financially capable of continuing to provide service without interruption.