HB 761 -- Property Transfers by Utilities

Sponsor:  Boucher

This bill amends current law requiring Public Service Commission
approval for gas, electrical, water, or sewer corporations to
sell or transfer assets necessary to perform their duties to the
public.  The bill specifies that the commission require, in
considering any such request, that the sale or transfer be in
the public interest, and the burden of proof for the request is
on the utility requesting approval.

The bill also prohibits the commission from approving any newly
requested or currently pending request for sale or transfer of
assets until it has made rules that (1) incorporate the public
interest standard provided in the bill; and (2) detail the
information required of any entity involved in the transaction,
including history of dealings in the specific industry,
pertinent safety record, and fitness to perform necessary work
to deliver services to customers.  The rules must take effect by
January 1, 2002.

The bill has an emergency clause.

Missouri House of Representatives
Last Updated September 13, 2001 at 2:03 pm