Tennessee Senate Bill 717: Utilities, Utility Districts - As enacted, clarifies that prior to the acquisition of assets of a natural gas utility regulated by the Tennessee public utility commission by a new owner or any other change in control of such assets, the commission has exclusive authority to approve the acquisition or change in control, including the assignment of franchise rights, upon a finding by the commission that such transfers of assets or control is in the public interest. - Amends TCA Title 5; Title 6; Title 7; Title 65; Title 68 and Title 69.

Tennessee · 114 session

Status: Introduced

What it does

As enacted, clarifies that prior to the acquisition of assets of a natural gas utility regulated by the Tennessee public utility commission by a new owner or any other change in control of such assets, the commission has exclusive authority to approve the acquisition or change in control, including the assignment of franchise rights, upon a finding by the commission that such transfers of assets or control is in the public interest. - Amends TCA Title 5; Title 6; Title 7; Title 65; Title 68 and Title 69.

Latest action

Pub. Ch. 532 (2026-03-16)

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