DIGEST OF INTRODUCED BILL
Acquisition of utility property. Provides that a municipality or a municipally owned utility may not purchase the property of a utility company that provides water or sewer service or a regional sewer and water district unless the utility regulatory commission (IURC) finds that the utility company has continued violations of the IURC's orders or the law regulating the utility company after the IURC has ordered compliance or finds after a review that the utility company has severe deficiencies that the utility company has failed to remedy. Provides that a municipality or a public utility may not acquire any of the property of a rural electric membership corporation (REMC) without the consent of the REMC. Provides that the IURC continues to have jurisdiction over rates and charges of a municipally owned utility charged to the customers of the municipally owned utility located outside the municipality's boundaries. Requires the office of the utility consumer counselor to represent such customers in rate cases.