To clarify standards governing bankruptcies and reorganizations of public utility companies under title 11 of the United States Code.
Electric Utility Bankruptcy Clarification Act - Amends Federal bankruptcy provisions to require that in cases where the debtor is an electric utility the prior approval of State regulatory authorities must be obtained before a bankruptcy court may confirm any plan of adjustment or reorganization or take any other action which would terminate or restrict the existing jurisdiction of such authorities.
Specifies that such requirement shall apply to cases pending on the effective date of this Act.
Subcommittee on Courts and Administrative Practice. Hearings held. Hearings printed: S.Hrg. 101-652.
Introduced in House
Introduced in House
Referred to the House Committee on Judiciary.
Referred to the Subcommittee on Economic and Commercial Law.
Subcommittee Hearings Held.
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