- EnactedSeptember 28th, 2018The President signed this bill into law
- The senate Passed September 4th, 2018Passed by Voice Vote
Committee on Energy and Natural ResourcesEnergy
- senate Committees
- The house Passed June 12th, 2017Passed by Voice Vote
Committee on Energy and CommerceEnergyIntroducedFebruary 16th, 2017
- house Committees
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To amend section 203 of the Federal Power Act.
(Sec.1)This bill amends the Federal Power Act with respect to the prohibition regarding mergers or consolidations by a public utility. Any merger or consolidation of a public utility whose value exceeds $10 million must first be authorized by the Federal Energy Regulatory Commission (FERC). (Sec.2)In addition, FERC is required to promulgate a rule within 180 days that mandates any public utility seeking to merge or consolidate to notify FERC, within 30 days of transaction consummation, if the value of such merger or consolidation exceeds $1 million but is less than $10 million.