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166 under the plan, and such appointment must be consistent with the interests of creditors and equity security holders and with public policy; (v) the plan proponent must disclose the identity of any insider that will be employed or retained by the reorganized debtor and the nature of any compensation for such insider; (vi) any governmental regulatory commission with post- confirmation jurisdiction over the debtor's rates must approve any rate change (or such rate change must be expressly conditioned on such approval); (vii) with respect to each impaired class of claims or interests, (i) each holder of a claim or interest of such class must (A) accept the plan or (B) receive or retain under the plan on account of such claim or interest property of a value, as of the plan's effective date, that is not less than the amount such holder would receive in a hypothetical Chapter 7 liquidation of the debtor (the so-called "best interests" test) or (ii) if such class has made the Section 1111(b) election (discussed above in Chapter V.D.2.b.) each holder of a claim in such class must receive or retain under the plan, on account of such claim, property of a value, as of the plan's effective date, that is not less than the value of such holder's interest in the estate's interest in the property securing such claims; (viii) each class of claims or interests must accept the plan or be unimpaired; (ix) except to the extent that the holder of a particular claim has agreed to a different treatment of such claim, the plan must provide that (i) on the plan's effective date, each holder of administrative expense claims and

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