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

Maine Statutes

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

Maine·Title 35-A PUBLIC UTILITIES·Part 3 ELECTRIC POWER·Ch. 32 ELECTRIC INDUSTRY RESTRUCTURING

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.

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