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Senate advances bill clarifying when mutual water companies are exempt from PSC oversight
Summary
Senators debated House Bill 158 on March 2, 2004, and approved language clarifying that mutual water companies with a 'commonality of interest' and equal ownership/control among members need not be regulated by the Public Service Commission. Opponents warned the change could codify exemptions that leave consumer shareholders unprotected when developers hold A shares.
On March 2, 2004, the Utah Senate advanced House Bill 158, which amends how municipal mutual water companies are classified for Public Service Commission oversight.
Senator Stevenson offered an amendment intended to preserve the exemption for mutual water companies that demonstrate a genuine commonality of interest and democratic control among shareholders. Backers said the language was meant to clarify existing practice…
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