Sec. 1. 35-A MRSA §3205, sub-§6, as enacted by PL 1997, c. 316, §3, is repealed.

SUMMARY

This bill repeals the provision of the laws governing electric industry restructuring that discourages mergers and acquisitions in the electric utility industry. It repeals the provision that provides that if 10% or more of the stock of a distribution utility is purchased by an entity, the purchasing entity and any related entity may not sell or offer for sale generation service to any retail consumer of electric energy in this State.