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

First Committee Review

First Chamber

Second Committee Review

Second Chamber

Final Decking

Enacted

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