Committee approves disclosure requirements for EMC gas-subsidiary transactions
The House Energy, Utilities & Telecommunications Committee approved language requiring electric membership corporations that pledge more than 15% of assets to acquire gas subsidiaries to disclose those pledges to members within six months and to report annual gas purchases resold to members.
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The House Energy, Utilities & Telecommunications Committee voted to advance Senate Bill 256, a measure that requires electric membership corporations (EMCs) to disclose to their members when they pledge more than 15% of utility assets to acquire gas distribution or marketing subsidiaries and to report annually how much gas they purchase for resale.
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