Section 6.06. Remainder assessments.

 

(1)   Types of activities. The activities whose expenditures are chargeable to holding company remainder assessments are those which cannot be reasonably attributed to any specific holding company or nonutility affiliate. Examples of such activities are rulemaking regarding holding company regulation and staff attendance at special seminars directly relating to holding companies.

(2)   Apportionment. The holding company remainder assessment shall be apportioned among all holding company systems in existence during the fiscal year in which the remainder assessment costs have been incurred. Also included in the apportionment shall be those persons who, during such fiscal year, have applied for or been granted a certificate of approval to form a holding company but who have not yet formed a holding company. The commission shall charge each such holding company system or person a remainder assessment on the following basis: The commission will compare the assets of the holding company system or, in the case of a person who has not yet formed a holding company, the assets which will be held by that person's holding company system when it is formed, to the total assets of all existing and applied for but unformed holding company systems. The resulting percentage will be the percentage which the holding company system or person will pay of the total holding company remainder assessment. The assets will be the assets declared, reported or identified, as of the date of billing, under s. 196.795 (2) (b) , 196.795 (5) (o) or 196.795 (6) , Stats., or through any investigation or other commission proceeding, including review of financial statements. Assets shall be determined pursuant to s. 196.795 (5) (o) , Stats.

(3)   Advance payment. No advance payment of a remainder assessment under s. 196.85 (2) , Stats., shall be required for the first 2 full fiscal years after November 28, 1985. Advance payments shall be required starting with the fiscal year beginning July 1, 1988.

History: Cr. Register, November, 1986, No. 371 , eff. 12-1-86.