S.B. 3285 Summary

• Prohibits the Public Utilities Commission from approving the sale of a gas utility or electric utility to a private entity unless the utility first solicits competitive bids from non-investor-owned entities and discloses whether acceptable bids were received.

• Authorizes the Public Utilities Commission to establish procedures and timelines for considering alternative bids in utility sales.

• Defines "non-investor-owned utilities ownership model" as a not-for-profit enterprise that is not owned by shareholders.

• Expands the application of public utility receivership provisions to all public utilities, not just water and sewer utilities, when service failures threaten health, safety, and welfare.

• Effective date: July 1, 3000.