PRINTER'S NO. 2653
No. 2062 Session of 1999
INTRODUCED BY VEON, GEORGE, BELARDI, WALKO, GEIST, BEBKO-JONES, LaGROTTA, LESCOVITZ, SURRA, COLAFELLA, TRAVAGLIO, STEELMAN, LAUGHLIN, MUNDY, CAPPABIANCA, FREEMAN, PESCI, FRANKEL, READSHAW, BELFANTI, YOUNGBLOOD, ROONEY, HARHAI, STABACK, TRELLO, JOSEPHS, VAN HORNE AND GRUCELA, NOVEMBER 15, 1999
REFERRED TO COMMITTEE ON CONSUMER AFFAIRS, NOVEMBER 15, 1999
AN ACT 1 Amending Title 66 (Public Utilities) of the Pennsylvania 2 Consolidated Statutes, providing for utility industry 3 restructuring. 4 The General Assembly of the Commonwealth of Pennsylvania 5 hereby enacts as follows: 6 Section 1. Title 66 of the Pennsylvania Consolidated 7 Statutes is amended by adding a chapter to read: 8 CHAPTER 20 9 UTILITY INDUSTRY RESTRUCTURING 10 Sec. 11 2001. Applicability. 12 2002. Economic development. 13 § 2001. Applicability. 14 In addition to any other specific requirements contained in 15 this title, the provisions of this chapter shall apply to the 16 restructuring or deregulation of any public utility industry. 17 § 2002. Economic development.
1 Prior to the commission approving the transfer by a public 2 utility of ownership of one or more Pennsylvania divisions or 3 business units, the commission must find that a credible and 4 substantial commitment exists on the part of the transferee to 5 support regional economic development initiatives and programs 6 and that the transferee has agreed to comply with any existing 7 financial commitments to such initiatives made by the 8 transferor. 9 Section 2. This act shall take effect in 60 days. I28L66JLW/19990H2062B2653 - 2 -