Session of 1999
HOUSE BILL No. 2247
By Committee on Utilities
9 AN ACT concerning public utilities; requiring certain conditions for ap-
10 proval of certain mergers by the state corporation commission.
12 Be it enacted by the Legislature of the State of Kansas:
13 Section 1. (a) As used in this section:
14 (1) "Acquisition premium" means the amount by which the amount
15 paid to acquire a public utility exceeds the book value of the utility.
16 (2) "Commission" means the state corporation commission.
17 (3) "Public utility" means a public utility, as defined by K.S.A. 66-
18 104 and amendments thereto, the rates of which are subject to regulation
19 by the commission.
20 (b) The commission shall not approve the merger of two or more
21 public utilities if any part of the acquisition premium paid in the merger
22 will be included in the ratebases, expenses or rates of return of the
23 merged utilities.
24 (c) The provisions of this section shall apply to any merger for which
25 an application for approval by the commission is pending before the com-
26 mission on the effective date of this act or is filed with the commission
27 on or after the effective date of this act.
28 Sec. 2. This act shall take effect and be in force from and after its
29 publication in the Kansas register.