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132nd MAINE LEGISLATURE |
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LD 1160 |
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LR 1590(01) |
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An Act to
Prohibit Ownership of 6 Percent or More or Control of a Public Utility by an
Entity Providing Aid to a Foreign Terrorist Organization |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Carlow of Buxton |
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Committee: Energy, Utilities and Technology |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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Contingent future biennium revenue increase - Other Special
Revenue Funds
Contingent future biennium cost increase - Other Special Revenue Funds |
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Fiscal Detail
and Notes |
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This bill
restricts other entities' ownership or control of a public utility if the
Public Utilities Commission determines that those entities have provided
significant support or assistance to an organization designated as a foreign
terrorist organization. The PUC has
indicated that if these criteria are triggered, contracted services will be
required to assist in the investigation and adjudicatory proceeding. The PUC estimates this cost would require
additional Other Special Revenue Funds allocations of $250,000 if these
proceedings are initiated. These costs
may be offset by the filing fees collected by the PUC. |
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