Summary of the Introduced Bill

HB 820 -- Public Utilities

Co-Sponsors:  Byrd, Portwood

This bill requires any person or entity that has or acquires a
legal or equitable interest of at least 5% ownership of both a
public utility regulated by the Public Service Commission and
any entity that supplies more than $1 million in products per
year to the same public utility to notify the commission within
30 days of acquiring the double interest.  The bill requires any
entity holding a double interest as of the effective date of the
bill to notify the commission within 30 days of the effective
date.  Failure to comply with the bill's provisions is a class A
misdemeanor.


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Last Updated September 13, 2001 at 2:04 pm