2025 Session
Last amended: 1974 session
§ 216B.51 — Stock Purchase
Plain-Language Summary
Public utilities must get PUC approval before merging with, acquiring, or selling their utility operations.
216B.51 STOCK PURCHASE.
§
Subdivision 1.Stock of another utility.
No public utility shall purchase voting stock in another public utility doing business in Minnesota without first having made application to and received the consent of the commission in writing or by order. §
Subd. 2.
[Repealed, 1978 c 795 s 10] §
Subd. 3.Exempt from other law.
Mergers and consolidations as enumerated in subdivision 1 hereof shall be exempt from the provisions of chapter 80B.
History:
History: History:
1974 c 429 s 51
Practical Notes
Utility mergers and acquisitions must be approved by the PUC to protect customers.