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Committee backs bill allowing PSC to seek receivership for troubled water or wastewater companies
Summary
House Bill 257 would permit the Public Service Commission to petition courts to place certain water or wastewater companies into receivership and requires a receiver to publish a transition and operational plan within 90 days; committee amendments were adopted and the bill was reported favorably.
The House Commerce Committee reported House Bill 257 as amended to permit the Public Service Commission (PSC) to petition a district court to place certain water or wastewater companies regulated by the PSC into receivership under specified circumstances.
Representative Saint Blanc, sponsor of the bill, said the measure gives the PSC a tool similar to existing authority held by the Department of Environmental Quality (DEQ) and the Department of Health (LDH) for wastewater and water companies, respectively. "The…
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