SB3285 - Relating To Public Utilities.

1 Co-Sponsor

Prohibits the Public Utilities Commission from approving the sale of a gas utility, or electric utility, in whole or in part, to a private entity, unless the utility being offered for sale demonstrates that it solicited competitive offers from an entity operating under a non-investor-owned utilities ownership model, and notes whether or not non-investor-owned entities submitted acceptable bids, in any application to the PUC requesting authorization for a sale of the utility. Authorizes the PUC to establish a procedure for consideration of alternative bids if there is a sale of a gas or electric utility. Specifies that the appointment of a receiver for a distressed utility applies to all public utilities. Effective 7/1/3000. (HD1)