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.
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