7825.1700 Procedure For Approval To Acquire Property


Published: 2015

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7825.1700 PROCEDURE FOR APPROVAL TO ACQUIRE PROPERTY.

A public utility, prior to entering into a transaction, shall petition for and receive from the commission by formal written order approval for such transaction. A petition for approval of capital structure (parts 7825.1000 to 7825.1500) shall be filed concurrently with the petition for approval of transfer, merger, or consolidation if consideration for such a transaction is a security or securities as defined in part 7825.1000. The commission may require an independent valuation of the property involved in the transaction.