H.R.1109 - To amend section 203 of the Federal Power Act.115th Congress (2017-2018) |
|Sponsor:||Rep. Walberg, Tim [R-MI-7] (Introduced 02/16/2017)|
|Committees:||House - Energy and Commerce | Senate - Energy and Natural Resources|
|Committee Reports:||H. Rept. 115-167|
|Latest Action:||Senate - 10/03/2017 Committee on Energy and Natural Resources Subcommittee on Energy. Hearings held. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1109 — 115th Congress (2017-2018)All Information (Except Text)
Passed House without amendment (06/12/2017)
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
(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.