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Committee hears bill to drop PSC approval of carrier long‑term debt; commission backs removal
2289606 · February 11, 2025
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Summary
LB 347 would remove a decades‑old requirement that common carriers obtain Public Service Commission approval before issuing debt with terms longer than 12 months; the PSC and several providers supported repeal.
Sen. Jason Prokop introduced LB 347 to eliminate a statutory requirement that common carriers obtain Nebraska Public Service Commission approval before issuing securities or incurring long‑term debt. Prokop said the statute dates from an era of small, local monopolies and no longer serves the public interest, given modern financial markets and multiple…
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