HOUSE BILL 1711

Sponsored By:

Delegates McHale and D. Davis

Entitled:

Electric Companies - Acquisition or Merger and Generating Assets

Synopsis:

Requiring an electric company to remain a separate legal entity from a person that acquires or merges with the electric company or a person that owns or controls the electric company under specified circumstances; requiring an electric company and a person acquiring or merging with the electric company to maintain separate boards of directors and balance sheets under specified circumstances; returning electric generation to the status of a utility service subject to regulation by the Public Service Commission; etc.

History by Legislative Date

House Action

3/6

First Reading House Rules and Executive Nominations

3/9

Re-referred Economic Matters

Hearing 3/14 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Brian K. McHale, District 46

Delegate Dereck E. Davis, District 25

Bill indexed under the following Subjects:

COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES

LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES

MERGERS AND ACQUISITIONS

POWER PLANTS

PRICES -see also- CONSUMER PRICE INDEX

PUBLIC SERVICE COMMISSION

RULES AND REGULATIONS

UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER

Bill affects the following Statutes:

Public Utility Companies

( 4-201 , 7-106 , 7-201 , 7-207 , 7-505 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered