United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 35-A, § 906: Commission authorization not required, 1987

A public utility generally does not need commission authorization to issue debt for certain property, facility, or service purposes outside the State, except for specified transmission and distribution utilities.

Source excerpt

commission authorizationutility financing

Jurisdiction: United States — Maine
Structure: 1 provisions
Official identity: Year 1987
Dates: Enacted 1987 · Source version 1 Oct 2025

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Dates: Enacted 1987 · Source version 1 Oct 2025

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“A public utility generally does not need commission authorization to issue debt for certain property, facility, or service purposes outside the State, except for specified transmission and distribution utilities.”

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Enacted 1987 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.
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Commission authorization not required

Section 906

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Source record from legislature.maine.gov · Enacted 1987 · Source version 1 Oct 2025

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§ 906Commission authorization not requiredProvision

Source excerpt

1. Property and service outside the State. Except as provided in subsection 2 for transmission and distribution utilities, notwithstanding any other provision of this chapter, a public utility is not required to apply to the commission for authority to issue stocks, bonds, notes or other evidences of indebtedness for the acquisition of property, for the purposes of carrying out its corporate powers, the construction, completion, extension or improvement of its facilities, or the improvement or maintenance of its service, outside the State. [PL 1999, c. 398, Pt. A, §20 (AMD); PL 1999, c. 398, Pt. A, §§104, 105 (AFF).] 2. Exception: Transmission and distribution utilities. Notwithstanding subsection 1, this chapter applies to any domestic transmission and distribution utility acquiring and operating utility facilities outside the State for the purpose of serving customers within the State. [PL 1999, c. 398, Pt. A, §20 (AMD); PL 1999, c. 398, Pt. A, §§104, 105 (AFF).] 3. Domestic electric utility. [PL 1999, c. 398, Pt. A, §20 (RP); PL 1999, c. 398, Pt. A, §§104, 105 (AFF).]

Section 906Verify source

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1 Oct 2025 · currentEnglish

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