SB0854 (CH0220)

Find a 2018 Bill:

2018 Regular Session



Public Utilities – Water and Sewage Disposal Companies – Acquisition

Sponsored by:

Senator Klausmeier


Approved by the Governor - Chapter 220

Synopsis:Establishing a certain process for valuing a water company or a sewage disposal company that is the subject of a certain acquisition; prohibiting a person from acquiring a controlling interest in certain water services or sewage disposal providers without prior approval of the Public Service Commission; providing the Commission may authorize a certain acquisition if the Commission finds that it is consistent with the public convenience and necessity; establishing a process to determine the fair market value of the selling utility; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senator Klausmeier
Additional Facts:Cross-filed with: HB1566
Bill File Type: Regular
Effective Date(s): October 1, 2018
Finance  View Committee HearingEconomic Matters
Broad Subject(s):Utility Regulation
Narrow Subject(s):Appraisals
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates
Mergers and Acquisitions
Prices -see also- Consumer Price Index
Public Service Commission
Utilities -see also- High Voltage Lines; Telephones; Water
Statutes:Article - Public Utilities
(1-101, 4-206, 6-301 through 6-308)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

April 27, 2018 12:55 P.M.