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Text: HF00563                           Text: HF00565
Text: HF00500 - HF00599                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

House File 564

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 476.77, subsection 1, Code 1997, is
  1  2 amended to read as follows:
  1  3    1.  A reorganization shall not take place if unless the
  1  4 board disapproves approves.  Prior to reorganization, the
  1  5 applicant shall file with the board a proposal for
  1  6 reorganization with supporting testimony and evidence to
  1  7 establish that the reorganization is not contrary to the
  1  8 interests of the public utility's ratepayers and the public
  1  9 interest.
  1 10    Sec. 2.  Section 476.77, subsection 2, Code 1997, is
  1 11 amended by striking the subsection and inserting in lieu
  1 12 thereof the following:
  1 13    2.  The board shall act on an application within one
  1 14 hundred eighty days after the filing of the application.  The
  1 15 board, for good cause shown, may extend the deadline for
  1 16 acting on an application by an additional one hundred twenty
  1 17 days.  The board may docket an application for hearing.  If
  1 18 docketed for hearing, the notice of hearing shall be provided
  1 19 no later than fifty days after the application for
  1 20 reorganization has been filed.  In approving an application
  1 21 for reorganization, the board may impose reasonable conditions
  1 22 limited to the proposed transaction described in the
  1 23 application.  If the terms of a reorganization are modified by
  1 24 the applicants prior to the effective date of the
  1 25 reorganization, or by another jurisdiction after the board's
  1 26 approval, the board may reconsider the application.
  1 27    Sec. 3.  EFFECTIVE DATE.  This Act, being deemed of
  1 28 immediate importance, is effective upon enactment.  
  1 29                           EXPLANATION
  1 30    This bill amends Code section 476.77 relating to the review
  1 31 of public utility reorganizations.
  1 32    The bill provides that a public utility reorganization must
  1 33 receive the prior approval of the utilities board.  Currently,
  1 34 such reorganization takes place unless the board disapproves.
  1 35    The bill increases the time period for review by the board
  2  1 of the reorganization from 90 to 180 days.  The bill also
  2  2 provides that the board, for good cause, may extend the time
  2  3 period for review by an additional 120 days.  Upon approval,
  2  4 the board is authorized to impose reasonable conditions
  2  5 limited to the proposed transaction and to reconsider the
  2  6 application if the terms of the reorganization are modified.  
  2  7 LSB 1994HV 77
  2  8 mj/jw/5
     
Text: HF00563                           Text: HF00565
Text: HF00500 - HF00599                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index
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