LRB-3025/1
MDK:wlj&jlg:jf
1999 - 2000 LEGISLATURE
June 1, 1999 - Introduced by Senators Baumgart, George, Risser and Clausing,
cosponsored by Representatives
Black, Miller, Bock, Carpenter, Cullen,
Turner, Lassa, J. Lehman and Boyle. Referred to Committee on Health,
Utilities, Veterans and Military Affairs.
SB180,1,3
1An Act to repeal 196.80 (1g) of the statutes;
relating to: requiring public service
2commission approval of mergers, consolidations and certain other transactions
3involving telecommunications utilities.
Analysis by the Legislative Reference Bureau
Under current law, the following transactions involving public utilities, except
for telecommunications utilities, require the prior written approval of the public
service commission (PSC): mergers, consolidations or stock acquisitions or sales,
acquisitions, leases or rentals of certain types of plant or property. PSC approval is
not required if the transaction involves a telecommunications utility.
Under this bill, transactions involving telecommunications utilities require the
same prior PSC approval that is required for transactions involving other public
utilities under current law.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB180, s. 1
4Section
1. 196.80 (1g) of the statutes is repealed.
SB180,2,3
1(1) This act first applies to mergers, consolidations, acquisitions, sales, leases
2or rentals that have not been approved by the federal communications commission
3on the effective date of this subsection.
