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Bill > HB0796

TN HB0796

TN HB0796
AN ACT to amend Tennessee Code Annotated, Title 5; Title 6; Title 7; Title 65; Title 68 and Title 69, relative to utility infrastructure.

summary

Introduced
02/04/2025
In Committee
02/04/2026
Crossed Over
Passed
03/16/2026
Dead
Signed/Enacted/Adopted
03/16/2026

Introduced Session

114th General Assembly

Bill Summary

As enacted, clarifies that prior to the acquisition of assets of a natural gas utility regulated by the Tennessee public utility commission by a new owner or any other change in control of such assets, the commission has exclusive authority to approve the acquisition or change in control, including the assignment of franchise rights, upon a finding by the commission that such transfers of assets or control is in the public interest. - Amends TCA Title 5; Title 6; Title 7; Title 65; Title 68 and Title 69.

AI Summary

This bill clarifies that before a natural gas utility regulated by the Tennessee Public Utility Commission (the "commission") has its assets acquired by a new owner or undergoes any other change in control, the commission must approve the transaction. This approval process includes any transfer of franchise rights, and the commission can only grant approval if it determines the change is in the public interest, overriding any conflicting municipal rules or agreements. Importantly, any commission order issued on or after October 1, 2025, that finds such a transfer to be in the public interest will automatically enact the transfer of assets and franchise rights to the new owner, who will then be subject to all existing franchise terms.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Comp. became Pub. Ch. 532 (on 03/16/2026)
(1 Companion Bills)

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