HB0093 • 2015

Public Service Commission-authority.

AN ACT relating to public utilities; specifying the authority of the public service commission to approve utility reorganizations; and providing for an effective date.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Representative Zwonitzer, Dn.
Last action: 2015-03-04
Official status: enrolled
Effective date: 3/3/2015

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB0093HS001

Standing Committee • HCorporations

Adopted

Plain English: Adopted Standing Committee by HCorporations

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

2015-03-04 LSO
Assigned Chapter Number
2015-03-04 Governor
Governor Signed HEA No. 0067
2015-02-27 Senate
S President Signed HEA No. 0067
2015-02-27 House
H Speaker Signed HEA No. 0067
2015-02-27 LSO
Assigned Number HEA No. 0067
2015-02-26 Senate
S 3rd Reading:Passed 29-0-1-0-0
2015-02-25 Senate
S 2nd Reading:Passed
2015-02-24 Senate
S COW:Passed
2015-02-24 Senate
S Placed on General File
2015-02-24 Senate
Corporations:Recommend Do Pass 4-0-1-0-0
2015-02-09 Senate
S Introduced and Referred to S07 - Corporations
2015-02-02 Senate
S Received for Introduction
2015-01-30 House
H 3rd Reading:Passed 60-0-0-0-0
2015-01-29 House
H 2nd Reading:Passed
2015-01-28 House
H COW:Passed
2015-01-28 House
Amendment Adopted
2015-01-26 House
H Placed on General File
2015-01-26 House
Corporations:Recommend Amend and Do Pass 8-0-0-0-1
2015-01-22 House
H Introduced and Referred to H07 - Corporations
2015-01-15 House
H Received for Introduction
2015-01-13 LSO
Bill Number Assigned

Official Summary Text

Summary for LSO115
Bill No.:
HB0093
Effective
:
3/3/2015

LSO No.:
15LSO-0395

Enrolled Act No.:
HEA 67

Chapter No.:
105

Prime Sponsor:
Zwonitzer, Dn.

Catch Title:
Public Service Commission-authority.

Subject:
PSC approval of public utility reorganizations.

Summary/Major Elements:

Under current law, n
o
“
reorganization
”
of a public utility
can
take place without prior approval b
y the Wy
oming Public Service Commission.

This legislation amends the types of t
ransactions which constitute a “
reorganization.
”

Previously, only transactions which resulted in
a change in the ownership of a “
majority of the voting ca
pital stock of a public utility”
were considered reorganizations. This legisl
ation amends the definition of “
reorganization
”
to be more b
road by deleting references to “
voting capital stock.
”

Under this legislation, a reorganization is any transaction which results in a change in majority ownership, interest or control of a public utility or the majority ownership, interest or control of any entity which owns a majority interest in or which controls a public utility.
The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.

Current Bill Text

Read the full stored bill text

ORIGINAL

House
Bill No.
HB0093

ENROLLED ACT NO. 67,

HOUSE OF REPRESENTATIVES

SIXTY-THIRD LEGISLATURE OF THE STATE OF
WYOMING
2015 General Session

AN ACT relating to public utilities; specifying the authority of the public service commission to approve utility reorganizations; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 37
‑
1
‑
104(
b) is amended to read:

37
‑
1
‑
104
.

Reorganization of public utility; definition; approval
.

(b)

For purposes of this section, "reorganization" means any transaction which, regardless of the means by which it is accomplished, results in a change in the

majority
ownership
interest
or control
of
a majority of the voting capital stock of
a public utility, or the
majority

ownership

interest
or control of any entity which owns

a majority interest in
or controls a
majority of the voting capital stock of a
public utility. "Reorganization" as used in this section shall not include a mortgage or pledge transaction entered into to secure a bona fide borrowing by the party granting the mortgage or making the pledge.

Section 2
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

Speaker of the
House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the
House
.

Chief Clerk

1