(Sec. 1) This bill amends the Federal Power Act with respect to the prohibition regarding mergers or consolidations by a public utility. Any merger or consolidation of a public utility whose value exceeds $10 million must first be authorized by the Federal Energy Regulatory Commission (FERC).
(Sec. 2) In addition, FERC is required to promulgate a rule within 180 days that mandates any public utility seeking to merge or consolidate to notify FERC, within 30 days of transaction consummation, if the value of such merger or consolidation exceeds $1 million but is less than $10 million.
Committee on Energy and Natural Resources Subcommittee on Energy. Hearings held. With printed Hearing: S.Hrg. 115-318.
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
Committee on Energy and Natural Resources Subcommittee on Energy. Hearings held. With printed Hearing: S.Hrg. 115-318.
Committee on Energy and Natural Resources. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Energy and Natural Resources. Reported by Senator Murkowski with an amendment in the nature of a substitute. With written report No. 115-253.
Committee on Energy and Natural Resources. Reported by Senator Murkowski with an amendment in the nature of a substitute. With written report No. 115-253.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 420.
Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.(consideration: CR S6031-6032; text of amendment in the nature of a substitute: CR S6031)
Passed Senate with an amendment by Voice Vote. (consideration: CR S6031-6032; text of amendment in the nature of a substitute: CR S6031)
Message on Senate action sent to the House.
Mr. Goodlate asked unanimous consent to take from the Speaker's table and agree to the Senate amendment. (consideration: CR H8245-8246)
Resolving differences -- House actions: On motion that the House agree to the Senate amendment Agreed to without objection.(text of Senate amendment: CR H8245-8246)
On motion that the House agree to the Senate amendment Agreed to without objection. (text of Senate amendment: CR H8245-8246)
Motion to reconsider laid on the table Agreed to without objection.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 115-247.
Became Public Law No: 115-247.
Enacted as Public Law 115-247
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