Bill > H5821

This bill amends the procedures for approving transactions between utilities by shifting jurisdiction from the division to the public utilities commission. The bill expands the commission's authority to review and approve transactions such as mergers, purchases, leases, and stock acquisitions between public utilities. Key changes include mandating a more comprehensive public interest review that encompasses factors like rates, market competition, utility regulation, environmental protection, and broader policy considerations. The bill requires the commission to hold hearings on proposed transactions and explicitly allows intervention by any interested party, including citizens, businesses, and advocacy groups, without restricting participation based on commercial interests or existing representations. The commission must now ensure that proposed transactions will not diminish public service facilities and are consistent with the public interest. Additionally, the bill provides for appellate review of commission orders, giving parties the right to challenge decisions. This legislation aims to increase transparency, public participation, and comprehensive evaluation of utility transactions that could impact public services and broader state interests.

Business and Industry

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