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House Bill 1250


House Bill 1250

ARCHIVE (2000)

Latest Information

 

DIGEST OF INTRODUCED BILL


IURC jurisdiction over mergers. Provides that the following transactions require approval by the Indiana utility regulatory commission (IURC) after a hearing: (1) The reorganization of a public utility. (2) A transaction in which a public utility acquires control of a public utility, an out-of-state utility company, or a holding company. (3) A transaction in which a person acquires control of a public utility or the holding company of a public utility. (4) A transaction in which a holding company that controls at least one public utility acquires control of an out-of-state utility company. Provides that an entity resulting from one of these transactions shall establish goals of obtaining at least 10% of its annual procurements from minority business enterprises and at least 5% of its annual procurements from women's business enterprises. Requires the entity to make a good faith effort to meet these goals. Requires the entity to annually submit to the IURC a report that includes the percentage of total procurements obtained from minority business enterprises and women's business enterprises.
Current Status:
 In Committee - first House
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