Bill Title: Distressed water and wastewater utilities. Specifies that for purposes of the statute governing the acquisition of distressed water or wastewater utilities, a "utility company" includes, in addition to a regional sewer or water district, a: (1) public utility; (2) municipally owned utility; or (3) not-for-profit utility; that provides water or wastewater service. Eliminates a provision under which the IURC was not required to approve a petition by an acquiring utility company under the statute to recover the cost differentials associated with the purchase of a distressed utility unless the IURC found that the distressed utility being acquired: (1) served not

Sponsorship: Slight Partisan Bill (Republican 4-2)

Status: (Passed) 2016-03-22 - Public Law 98 [SB0257 Detail]

Text: Latest bill text (Enrolled) [PDF]

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