CT SB00020

Expands the definition of "holding company" to include cable franchise authority holders, certified telecommunications providers, certified competitive video service providers, and broadband internet access service providers, effective July 1, 2023.

Requires written application and Public Utilities Regulatory Authority (PURA) approval before any entity can acquire control over these telecommunications and cable providers or become a holding company controlling them.

Establishes a $50,000 bond requirement from applicants to cover PURA's reasonable expenses in reviewing acquisitions, with PURA required to make determinations within 200 days of filing (extendable by up to 30 days with notice to parties).

Mandates that acquisitions approved on or after January 1, 2021 must include a proportional percentage of Connecticut-based directors on the holding company's board equivalent to Connecticut's service area percentage.

Allows Superior Court to enjoin violations and restore authority or control to previous operators; makes unauthorized acquisitions voidable at PURA's order.