as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:34am
Engrossments | ||
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Introduction | Posted on 01/21/2009 |
A bill for an act
relating to utilities; prohibiting public utility from acquiring nonutility company;
proposing coding for new law in Minnesota Statutes, chapter 216B.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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A public utility, or a holding company of which the public utility is a member
company, may not acquire an interest in a company that is not a public utility or that does
not receive 50 percent or more of its revenue from electric or gas utility-related business.
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Section 1 applies to acquisitions made on or after August 1, 2009.
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