CT SB01354

Public Utilities Regulatory Authority (PURA) prohibited from approving acquisition applications on or after October 1, 2025 if the applicant already controls a gas company, electric distribution company, or holding company thereof in Connecticut

Removes automatic "deemed approved" provision for utility acquisitions when PURA fails to meet statutory deadlines, but only for applicants who already control a gas or electric distribution company in the state

Maintains existing PURA review process requiring public hearings within 60 business days and determinations within 200 days for utility acquisition applications

Continues requirement that holding companies seeking approval must include Connecticut-based directors proportional to the percentage of Connecticut service areas they cover

Applies to gas companies, electric distribution companies, and their holding companies; effective October 1, 2025