23 CAR § 462-1002. Organization, reorganization, consolidation, merger, acquisition, or stock purchase of a public utility or sale, acquisition, lease, or rent of utility plant or properties

(a) Subject matter. (1) Public utilities must file a formal application for approval of the organization, reorganization, consolidation, merger, acquisition, or stock purchase of a public utility or the sale, acquisition, lease, or rental of any utility plant or property constituting an operating unit or system under Arkansas Code §§ 23-3-101 and 23-3-102. (2) Exception. This section does not apply to telecommunications providers unless such provider is a nonelecting ILEC. (b) Content. In addition to other requirements of any statute, order, or rule, the application shall contain: (1) The reasons on the part of each applicant for entering into the proposed organization, reorganization, consolidation, merger, acquisition, or stock purchase of a public utility or the sale, lease, or rental of any utility plant or property constituting an operating unit or system and a showing that it is consistent with the public interest; (2) An accurate detailed description of the plant or property affected together with the: (A) Original cost to applicant; and (B) Applicant’s statement as to the present value thereof; (3) If required by the Arkansas Public Service Commission, financial statements (balance sheet and income statement) per books and pro forma showing separately the effect of the proposed transaction; (4) A detailed description of the instrument or proposed instrument used in the transaction and a copy, in draft form if necessary, as soon as available; (5) Documentation of approval of the proposed transaction by the public utility board of directors; (6) Identification of the anticipated impacts on Arkansas ratepayers, including the quality of service and potential rate impacts with an explanation of how such impacts were determined; (7) Identification of all other regulatory approvals required or being sought; and (8) All information necessary for valuation of any property pursuant to Arkansas Code § 23-4-111, if applicable.