Legislative Session number- 85

Bill Name: SF1009

"Minnesota Public Utilities Holding Company Act"; prohibiting persons from
forming a public utility holding company without public utilities commission
(PUC) approval, specifying required information for a certificate of approval
application, providing for PUC hearing, decision, modifications; regulating
public utility holding company takeovers and capital impairment; providing
regulatory limitation for public utility holding companies and nonutility
affiliates, prohibiting lending, obligation guarantee, subsidization and
operations impairment, regulating confidential information and real property
transfers, dissolution requirements and property transactions; requiring
separate organizations and assets recording; providing loan and investment
restrictions for officers, prescribing penalties; specifying reporting and asset
requirements; authorizing PUC investigations, private cause of action and PUC,
attorney general and department of commerce intervention authority
(rt)