Connecticut 2019 Regular Session

Connecticut House Bill HB05017 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 267 1 of 2
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55 General Assembly Proposed Bill No. 5017
66 January Session, 2019
77 LCO No. 267
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1010 Referred to Committee on ENERGY AND TECHNOLOGY
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1313 Introduced by:
1414 REP. O'NEILL, 69th Dist.
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1818 AN ACT REQUIRING PUBLIC SERVICE COMPANIES TO PROVIDE
1919 NOTICE REGARDING MERGERS, ACQUISITIONS AND CHANGES TO
2020 THEIR CORPORATE STRUCTURE.
2121 Be it enacted by the Senate and House of Representatives in General
2222 Assembly convened:
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2424 That title 16 of the general statutes be amended to require public 1
2525 service companies that plan to engage in a merger, acquisition or 2
2626 change to their corporate structure to: 3
2727 (1) Not less than thirty days prior to the scheduled merger, 4
2828 acquisition or change to corporate structure, provide notice of such 5
2929 merger, acquisition or change to corporate structure to the legislators 6
3030 and municipal leaders that represent each municipality in which such 7
3131 public service company operates; and 8
3232 (2) For a period of not less than thirty days prior to the scheduled 9
3333 merger, acquisition or change to corporate structure, accept public 10
3434 comments regarding such merger, acquisition or changes to corporate 11
3535 structure. 12 Proposed Bill No. 5017
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3838 LCO No. 267 2 of 2
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4040 Statement of Purpose:
4141 To require public service companies to provide notice regarding
4242 mergers, acquisitions and changes to their corporate structure.