2006 House Bill 6358

Allow PSC to review utitility mergers and acquisitions

Introduced in the House

Aug. 23, 2006

Introduced by Rep. John Proos (R-79)

To give the Public Service Commission the authority to compel the tender of documents with it would review and comment on proposed mergers, sales, or acquisitions of public utilities, but not give the commission any actual regulatory power over these private sector transactions.

Referred to the Committee on Energy and Technology

Sept. 6, 2006

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Sept. 20, 2006

Substitute offered

To concur with the Senate-passed version of the bill.

The substitute failed by voice vote

Substitute offered by Rep. John Proos (R-79)

To replace the previous version of the bill with one that proposes a somewhat narrower range for the documents that the PSC can demand, and reduces the time in advance of a merger or acqisition by which a utility must turn over the documents.

The substitute passed by voice vote

Passed in the House 101 to 5 (details)

Received in the Senate

Nov. 9, 2006

Referred to the Committee on Technology and Energy