To amend section 203 of the Federal Power Act.

Bill: 114-hr-4427
Sponsor: full_name: Rep. Pompeo, Mike [R-KS-4]
Introduced: 2016-02-02
Policy area: Energy
Subjects: Administrative law and regulatory procedures

Corporate finance and management

Electric power generation and transmission

Federal Energy Regulatory Commission (FERC)

Government information and archives

Public utilities and utility rates
Latest action: action_date: 2016-03-15
text: Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.

Summaries:
action_date: 2016-02-02
action_desc: Introduced in House
text: <p>This bill amends the Federal Power Act with respect to the prohibition against direct or indirect merger or consolidation by a public utility of its facilities (or any part of them) with those of any other person, by any means whatsoever, without first having secured the authorization of the Federal Energy Regulatory Commission.</p> <p>This prohibition shall apply only to facilities (or any part of them) whose value exceeds $10 million.</p>

action_date: 2016-03-14
action_desc: Passed House amended
text: <p>This bill amends the Federal Power Act with respect to the prohibition regarding mergers or consolidations by a public utility. Any merger or consolidation of a public utility whose value exceeds $10 million must first be authorized by the Federal Energy Regulatory Commission (FERC).</p> <p>In addition, FERC is required to promulgate a rule within 180 days that mandates any public utility seeking to merge or consolidate to notify FERC, within 30 days of transaction consummation, if the value of such merger or consolidation exceeds $1 million but is less than $10 million.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 4427 IN THE HOUSE OF REPRESENTATIVES February 2, 2016 Mr. Pompeo (for himself, Mr. Hudson , and Mr. Mullin ) introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To amend section 203 of the Federal Power Act.

1. Clarification of facility merger authorization Section 203(a)(1)(B) of the Federal Power Act ( 16 U.S.C. 824b(a)(1)(B) ) is amended by striking such facilities or any part thereof and inserting such facilities, or any part thereof, of a value in excess of $10,000,000 .

tv_txt: I 114th CONGRESS 2d Session H. R. 4427 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend section 203 of the Federal Power Act.

1. Clarification of facility merger authorization Section 203(a)(1)(B) of the Federal Power Act ( 16 U.S.C. 824b(a)(1)(B) ) is amended by striking such facilities or any part thereof and inserting such facilities, or any part thereof, of a value in excess of $10,000,000 . 2. Notification for certain transactions Section 203(a) of the Federal Power Act ( 16 U.S.C. 824b(a) ) is amended by adding at the end the following new paragraph: (7) (A) Not later than 180 days after the date of enactment of this paragraph, the Commission shall promulgate a rule requiring any public utility that is seeking to merge or consolidate, directly or indirectly, its facilities subject to the jurisdiction of the Commission, or any part thereof, with those of any other person, to notify the Commission of such transaction not later than 30 days after the date on which the transaction is consummated if— (i) such facilities, or any part thereof, are of a value in excess of $1,000,000; and (ii) such public utility is not required to secure an order of the Commission under paragraph (1)(B). (B) In establishing any notification requirement under subparagraph (A), the Commission shall, to the maximum extent practicable, minimize the paperwork burden resulting from the collection of information. . 3. Effective date The amendment made by section 1 shall take effect 180 days after the date of enactment of this Act.

Passed the House of Representatives March 14, 2016. Karen L. Haas, Clerk.

tv_txt: IB Union Calendar No. 346 114th CONGRESS 2d Session H. R. 4427 [Report No. 114–451] IN THE HOUSE OF REPRESENTATIVES February 2, 2016 Mr. Pompeo (for himself, Mr. Hudson , and Mr. Mullin ) introduced the following bill; which was referred to the Committee on Energy and Commerce March 14, 2016 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on February 2, 2016 A BILL To amend section 203 of the Federal Power Act.

1. Clarification of facility merger authorization Section 203(a)(1)(B) of the Federal Power Act ( 16 U.S.C. 824b(a)(1)(B) ) is amended by striking such facilities or any part thereof and inserting such facilities, or any part thereof, of a value in excess of $10,000,000 . 2. Notification for certain transactions Section 203(a) of the Federal Power Act ( 16 U.S.C. 824b(a) ) is amended by adding at the end the following new paragraph: (7) (A) Not later than 180 days after the date of enactment of this paragraph, the Commission shall promulgate a rule requiring any public utility that is seeking to merge or consolidate, directly or indirectly, its facilities subject to the jurisdiction of the Commission, or any part thereof, with those of any other person, to notify the Commission of such transaction if— (i) such facilities, or any part thereof, are of a value in excess of $1,000,000; and (ii) such public utility is not required to secure an order of the Commission under paragraph (1)(B). (B) In establishing any notification requirement under subparagraph (A), the Commission shall, to the maximum extent practicable, minimize the paperwork burden resulting from the collection of information. . 3. Effective date The amendment made by section 1 shall take effect 180 days after the date of enactment of this Act.

March 14, 2016 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

tv_txt: IIB 114th CONGRESS 2d Session H. R. 4427 IN THE SENATE OF THE UNITED STATES March 15, 2016 Received; read twice and referred to the Committee on Energy and Natural Resources AN ACT To amend section 203 of the Federal Power Act.

1. Clarification of facility merger authorization Section 203(a)(1)(B) of the Federal Power Act ( 16 U.S.C. 824b(a)(1)(B) ) is amended by striking such facilities or any part thereof and inserting such facilities, or any part thereof, of a value in excess of $10,000,000 . 2. Notification for certain transactions Section 203(a) of the Federal Power Act ( 16 U.S.C. 824b(a) ) is amended by adding at the end the following new paragraph: (7) (A) Not later than 180 days after the date of enactment of this paragraph, the Commission shall promulgate a rule requiring any public utility that is seeking to merge or consolidate, directly or indirectly, its facilities subject to the jurisdiction of the Commission, or any part thereof, with those of any other person, to notify the Commission of such transaction not later than 30 days after the date on which the transaction is consummated if— (i) such facilities, or any part thereof, are of a value in excess of $1,000,000; and (ii) such public utility is not required to secure an order of the Commission under paragraph (1)(B). (B) In establishing any notification requirement under subparagraph (A), the Commission shall, to the maximum extent practicable, minimize the paperwork burden resulting from the collection of information. . 3. Effective date The amendment made by section 1 shall take effect 180 days after the date of enactment of this Act.

Passed the House of Representatives March 14, 2016. Karen L. Haas, Clerk