Oklahoma Administrative Code
Title 165 - Corporation Commission
Chapter 58 - Facilitation and Provisioning of Payphone Service
Subchapter 12 - Notification of Changes to Ownership, Control or Business Operations
Section 165:58-12-1 - Notification of transactions affecting the ownership or control of a payphone service provider
Current through Vol. 41, No. 13, March 15, 2024
(a) The parties to an agreement, the performance of which will result in the transfer of a Certificate of Convenience and Necessity, with or without the transfer of a tariff, from one legal entity to another legal entity shall, at least forty-five (45) days before the effective date of such proposed transaction, file an original and four (4) copies of a Notification of Transaction with the Commission's Court Clerk, accompanied by the applicable filing fee, in order to notify the Commission of the transaction.
(b) The parties to an agreement, the performance of which will result in the merger of one or more legal entities with a surviving legal entity which is certificated to provide payphone services, shall, at least forty-five (45) days before the effective date of such proposed transaction, file an original and four (4) copies of a Notification of Transaction with the Commission's Court Clerk, accompanied by the applicable filing fee, in order to notify the Commission of the transaction.
(c) This Section shall not require notification to the Commission of transactions which involve only changes in the ownership of the stock of a payphone service provider. Such transactions are not subject to regulation by the Commission.
(d) The Notification of Transaction shall include a copy of the agreement, with all exhibits and schedules, and set forth the following information, if applicable:
(e) At the time of filing the Notification of Transaction, the acquiring entity shall provide a copy of the Notification of Transaction, with all attachments thereto, to Oklahoma Attorney General .
(f) The Public Utility Division Staff shall review the Notification of Transaction for the purpose of determining whether the proposed transaction should be approved and, in the case of mergers, whether the surviving entity should be allowed to provide telecommunications service in Oklahoma after the effective date of the transaction under the authority of any existing Certificate of Convenience and Necessity. The Public Utility Division shall act on a notification within thirty (30) business days of the date the notification is filed. No reportable transaction shall be consummated except by order of the Commission. Any person wishing to object to the proposed filing must file an objection with the Commission's Court Clerk no later than fifteen (15) days after the proposed filing. The Oklahoma Attorney General shall be granted intervention in such proceeding, if requested.
(g) Within thirty (30) business days of the filing of the Notification of Transaction, the Public Utility Division Staff may file a Continuance of Review in the Cause stating that the Public Utility Division Staff has not completed its review of the transaction and shall require an additional specified time, not to exceed an additional thirty (30) calendar days, in which to complete such review. The Public Utility Division Staff shall accompany such a Continuance of Review with a specification of the additional information, if any, needed to complete this review.
(h) The Public Utility Division Staff may, if it determines appropriate, file a Notice in the Cause requiring the acquiring entity and/or the surviving entity to show cause that the proposed transaction and/or merger is lawful, fair to the customers and in the public interest. The filing of such Notice by the Public Utility Division Staff will not alone suspend the authority of any entity to operate under an existing Certificate of Convenience and Necessity. Simultaneously with the filing of any such Notice, the Public Utility Division Staff shall propose a procedural schedule, including a date for hearing which shall be held within ninety (90) calendar days of the date of the filing of the Notification of Transaction, unless otherwise ordered by the Commission. If such a Notice is filed by the Public Utility Division Staff, the acquiring entity and/or surviving entity shall have the burden of establishing that the proposed transaction(s) is lawful, fair to the customers and in the public interest.
(i) After approval of notification of transaction(s), and not later than thirty (30) days after transaction consummation, an original and two (2) copies of the approved tariffs, which conform to OAC 165:58-7-3, shall be provided to the Public Utility Division.
Added at 15 Ok Reg 3106, eff 7-15-98; Amended at 16 Ok Reg 2333, eff 7-1-99; Amended at 19 Ok Reg 2012, eff 7-1-02