69-3-1501. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply: (1) ”Affiliate” means an entity closely connected or associated with a regulated energy utility. (2) ”Affiliate transaction” means a financial transaction between the utility operations of a regulated energy utility and an affiliate. (3) ”Material affiliate transaction” means an affiliate transaction that has […]
69-3-1502. Commission approval of material affiliate transactions — rulemaking authority. (1) In addition to the commission’s existing regulatory authority under this title and except as provided in 69-3-1503 and subsection (4) of this section, a regulated energy utility may not enter into a material affiliate transaction without the commission’s review and approval. (2) The commission shall approve […]
69-3-1503. Exemption. A regulated energy utility that has entered into a stipulation agreement with the commission regarding the separation of its nonregulated utility business is exempt from the provisions of this part as long as the stipulation agreement remains effective under a federal bankruptcy court order. History: En. Sec. 3, Ch. 220, L. 2005.
