Week ending June 16, 2017
H.R.1109 – To amend section 203 of the Federal Power Act.
Under the bill the Federal Power Act is amended to require that any merger or consolidation of a public utility whose value exceeds $10 million must first be authorized by the Federal Energy Regulatory Commission.
FERC, then, is required to promulgate a rule within 180 days ‘that mandates any public utility seeking to merge or consolidate to notify FERC, within 30 days of transaction consummation, if the value of such merger or consolidation exceeds $1 million but is less than $10 million.’
In addition no later than 180 days after the date of enactment of this bill FERC shall promulgate a rule ‘requiring any public utility that is seeking to merge or consolidate, directly or indirectly, its facilities subject to the jurisdiction of the Commission, or any part thereof, with those of any other person, to notify the Commission of such transaction not later than 30 days after the date on which the transaction is consummated if such facilities, or any part thereof, are of a value in excess of $1,000,000; and such public utility is not required to secure an order of the Commission.
(Full text of H.R.1109 at congress.gov)
Sponsor: Rep. Walberg, Tim [R-MI-7] (Introduced 02/16/2017)
Status: Passed House /
VOTES and FLOOR ACTION
On Passage: On motion to suspend the rules and pass the bill Agreed to by voice vote
Motion to recommit:
Text of the motion:
COST AND IMPACT
Cost to the taxpayers: Data not available
Pay-as-you-go requirements: Data not available
Regulatory and Other Impact: Data not available
Dynamic Scoring: Data not available
Tax Complexity: Not applicable to this bill.
Earmark Certification: Data not available
Duplication of programs: Data not available
Direct Rule-Making: Data not available
Advisory Committee Statement: Data not available
Budget Authority: Data not available
Constitutional Authority: Assumed.
More Bill Information:
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