HB 1186
Restrictions on the sale of public utilities.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
Prohibits a public utility from: (1) selling, assigning, transferring, leasing, or encumbering its franchise, business, or property; or (2) selling, assigning, or transferring any shares of its stock; to a prohibited person. Provides that the Indiana utility regulatory commission may not approve such a transaction, and that any contract for such a transaction is void. Provides that for purposes of this prohibition, a "prohibited person" means either of the following: (1) A private equity firm or an affiliate of a private equity firm. (2) A citizen of, or a company owned or controlled by or headquartered in, China, Iran, North Korea, Russia, or a country designated as a threat to critical infrastructure by the governor.
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