(1) A request for reconsideration by a party whose application for a certificate of public advantage has been denied by the department must include a detailed statement of grounds upon which reconsideration is sought.

(2) Upon timely submittal of a request for reconsideration, the department shall publish notice of the public hearing required by 50-4-604, MCA in the Montana Administrative Register. The public hearing must be held within the geographic territory covered by the proposed agreement or transaction. The hearing shall be recorded stenographically or electronically.