Maine § 35-A §707 Affiliated interests

Maine Statutes

§ 35-A §707 — Affiliated interests

Maine·Title 35-A PUBLIC UTILITIES·Part 1 PUBLIC UTILITIES COMMISSION·Ch. 7 REGULATION AND CONTROL OF PUBLIC UTILITIES

1.Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

2.Access to accounts and records. The commission may require the production of books, accounts, records, papers and memoranda of any affiliated interest which relates, directly or indirectly, to its transactions with a public utility. The commission may, in determining the reasonableness of utility rates, disallow all or a portion of the payments under any transaction, the account or record of which is not made available to the commission.

3.Consent by commission. No public utility may extend or receive credit, including the guarantee of debt, or make or receive a loan to or from an affiliated interest or make any contract or arrangement for the furnishing of

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1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
2.
Access to accounts and records.
The commission may require the production of books, accounts, records, papers and memoranda of any affiliated interest which relates, directly or indirectly, to its transactions with a public utility. The commission may, in determining the reasonableness of utility rates, disallow all or a portion of the payments under any transaction, the account or record of which is not made available to the commission.
3.
Consent by commission.
No public utility may extend or receive credit, including the guarantee of debt, or make or receive a loan to or from an affiliated interest or make any contract or arrangement for the furnishing of management, supervision of construction, engineering, accounting, legal, financial or similar services, or for the furnishing of any service or real or personal property other than those enumerated with any affiliated interest until the commission finds that the contract or arrangement is not adverse to the public interest and gives the contract or arrangement its written approval.
4.
Waiver.
The commission may, by general rules, waive the requirements for filing and for approval of contracts and arrangements described in subsection 3 in cases of:
5.
Violations.
6.
Application.
This section does not apply to any telephone utility other than a provider of provider of last resort service with respect to affiliated interests that are directly related to or that may directly affect provider of last resort service in this State, as determined by the commission by rule or order. Rules adopted under this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A.

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Legislative History

PL 1987, c. 141, §A6 (NEW). PL 1989, c. 159, §2 (AMD). PL 1997, c. 237, §1 (AMD). PL 2003, c. 505, §17 (AMD). PL 2011, c. 623, Pt. A, §§11, 12 (AMD). PL 2023, c. 168, §5 (AMD).