Prohibits certain transactions involving public utilities unless the Public Service Commission finds them to be in the public interest

Summary

The bill stops gas, electric, water, sewer and street‑rail utilities from selling, leasing, merging, or otherwise transferring their assets or franchises unless the Public Service Commission says the transaction is in the public interest. It also caps how much stock or bonds a utility can buy in another utility and forces reporting on any tax‑revenue effects. The aim is to keep essential utility services under public oversight and protect local tax bases.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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