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

Summary

The bill bars gas, electric, water and sewer companies from selling, leasing, merging, or otherwise disposing of their franchise, works, or system unless the Public Service Commission issues an order finding the transaction is in the public interest. It also limits ownership stakes in these utilities and requires reporting of any tax‑revenue impact to local governments. The goal is to protect public services and local tax bases.

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

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