Bills

SB 1500: PUC; Regulated Investor-Owned Electric Utilities; Electric Services; Appointment of Receiver

  • Session Year: 2025-2026
  • House: Senate
  • Latest Version Date: 2025-04-25

Current Status:

In Progress

(2025-07-02: Act 277, on 07/02/2025 (Gov. Msg. No. 1380).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

What does this bill do?

The bill lets the Public Utilities Commission appoint a temporary receiver — a manager put in charge — to take control of a regulated investor‑owned electric utility that is failing or poses an imminent threat to customers so electric service can be continued or brought up to standard. The receiver may access company assets and use revenues as needed, but must honor existing collective bargaining agreements and may not force layoffs or fire covered employees except for cause allowed by those agreements.

The summary is provided by generative AI which can make mistakes. For original language, please view the details in the table below.

Version:

Authorizes the Public Utilities Commission to appoint a receiver to take temporary action necessary to assure continued adequate electric services from failing regulated investor-owned electric utilities.  Requires an appointed receiver to recognize and maintain the terms and conditions of any existing collective bargaining agreement and prohibits the receiver from inducing or causing a reduction in force, or terminating a covered employee, other than for a cause consistent with any collective bargaining agreement.  (CD1)

Discussed in Hearing

Conference Committee 42SEC
Apr 25, 2025

Conference Committee

Conference Committee 1MIN
Apr 25, 2025

Conference Committee

Conference Committee 1MIN
Apr 25, 2025

Conference Committee

Conference Committee 1MIN
Apr 25, 2025

Conference Committee

Conference Committee 38SEC
Apr 24, 2025

Conference Committee

Conference Committee 1MIN
Apr 23, 2025

Conference Committee

House Standing Committee on Finance 1MIN
Mar 31, 2025

House Standing Committee on Finance

House Standing Committee on Consumer Protection & Commerce 2MIN
Mar 19, 2025

House Standing Committee on Consumer Protection & Commerce

View Older Hearings
Authors shown for version:
SB1500_CD1 (4/25/2025)