Each Cost Allocation Manual filed as directed in Regulation .07 of this chapter shall contain the following items: The amount the utility allocated or assigned the previous calendar year for each type of cost identified in its CAM; An affidavit stating that its cost allocation and the transfer pricing of an asset complies with this subtitle; and A certification that a training program is in place to train personnel as necessary to comply with this subtitle. On or before May 15 of each calendar year a utility shall file with the Commission a report for the previous calendar year ending December 31 titled “Ring Fencing Report” containing the following items: A summary of all measures intended to protect the utility's financial strength and credit ratings from the activities of core service and non-core service affiliates; A corporate organization chart identifying the utility and its core service and non-core service affiliates; A description of each core service and non-core service affiliate's business; If available, a copy of each core service and non-core service affiliate's most recently published credit rating report made by a nationally recognized credit rating agency; If a utility shares personnel with a core service or non-core service affiliate, a personnel-sharing report listing the shared personnel's position title and function; A list of asset transactions between a utility and its core service and non-core service affiliate consistent with the following guidelines: For an asset transferred to or from a utility where the book value is above $75,000, the report shall: Describe the transferred asset; Indicate the affiliate providing or receiving the asset; Provide the value received or given for the transferred asset; and Provide an external appraisal or the market value of the transferred asset; and For an individual asset transferred to or from a utility where the book value is below $75,000, the report shall identify the type of asset transferred and the affiliate providing or receiving the asset; A list of all assets, if individually accounted for, or asset categories owned by the utility which were loaned or shared with a core service or non-core service affiliate; A list of all assets jointly owned with a core service or non-core service affiliate; and A list of all core service or non-core service affiliate debt guaranteed by the utility or secured by any utility asset. A utility shall maintain a detailed monthly record of any cost allocation and assignment and make this record available for Commission review and audit. A utility shall permit the Commission to have access to any report and associated work papers prepared for a utility by an independent auditor hired to perform an audit under Public Utilities Article, §4-208, Annotated Code of Maryland. A utility shall notify the Commission within 7 days after the utility or its affiliate: Files for bankruptcy; or Is in material breach of any debt obligation which is guaranteed by the utility or secured by its assets.