An Act To Preserve Certain Rights Granted to Maine Public Service Company before Its Merger with Bangor Hydro Electric Company

Sec. 1. Preservation of rights. All of the rights, privileges, immunities and franchises granted by private and special law to Maine Public Service Company, or any of its predecessors in interest, are hereby reaffirmed and transferred to Bangor Hydro Electric Company if these rights, privileges, immunities and franchises existed or otherwise were in effect immediately prior to the statutory merger of Maine Public Service Company and Bangor Hydro Electric Company on December 31, 2013.

summary

This bill provides that any rights previously granted by private and special law to Maine Public Service Company or its predecessors are not lost as a result of the merger of the company and Bangor Hydro Electric Company if those rights were in existence at the time of the merger.