(a) A foreign electric utility, in order to procure a certificate of authority to transact business in this state pursuant to this chapter, shall make application therefor to the secretary of state pursuant to the provisions of §§ 7-1.2-1405 and 7-1.2-1406 and shall be subject to §§ 7-1.2-1403 — 7-1.2-1418, 7-1.2-1501 and 7-1.2-1601 — 7-1.2-1604.
(b) A foreign public utility that has received a certificate of authority to transact business in this state pursuant to this chapter:
(1) Shall, before owning or operating an electric-generating facility in this state, notify the commission of the action to be taken by it;
(2) Shall thereafter furnish to the commission annually a copy of the annual report filed by it with the utility regulatory agency of the state of its domicile or principal locus; and
(3) Shall furnish to the commission, from time to time, such other information with respect to its activities in the state as the commission may reasonably request.