Maine § 35-A §3206-A Marketing; investor-owned utilities; penalties

Maine Statutes

§ 35-A §3206-A — Marketing; investor-owned utilities; penalties

Maine § 35-A §3206-A

Title 35-APUBLIC UTILITIES

Part 3ELECTRIC POWER

Ch. 32ELECTRIC INDUSTRY RESTRUCTURING

This text of Maine § 35-A §3206-A (Marketing; investor-owned utilities; penalties) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 35-A, § 35-A §3206-A (2026).

Text

1.Penalties. The commission shall require an investor-owned transmission and distribution utility to divest an affiliated competitive provider if the commission determines in an adjudicatory proceeding that:

2.Prohibition; divestiture. If, after the effective date of this section, 10% or more of the stock of an investor-owned transmission and distribution utility is purchased by an entity:

3.Effect of divestiture. If the commission orders an investor-owned transmission and distribution utility to divest an affiliated competitive provider pursuant to this section, the investor-owned transmission and distribution utility may not have an affiliated interest in a competitive electricity provider after the divestiture. As used in this section, the term "affiliated competitive provider" means

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1.
Penalties.
The commission shall require an investor-owned transmission and distribution utility to divest an affiliated competitive provider if the commission determines in an adjudicatory proceeding that:
2.
Prohibition; divestiture.
If, after the effective date of this section, 10% or more of the stock of an investor-owned transmission and distribution utility is purchased by an entity:
3.
Effect of divestiture.
If the commission orders an investor-owned transmission and distribution utility to divest an affiliated competitive provider pursuant to this section, the investor-owned transmission and distribution utility may not have an affiliated interest in a competitive electricity provider after the divestiture.
As used in this section, the term "affiliated competitive provider" means a competitive electricity provider whose relationship with an investor-owned transmission and distribution utility qualifies it as an affiliated interest.