Authorizes the Public Utilities Commission to appoint a receiver to take temporary action necessary to assure continued adequate electric services from failing regulated investor-owned electric utilities. Requires an appointed receiver to recognize and maintain the terms and conditions of any existing collective bargaining agreement and prohibits the receiver from inducing or causing a reduction in force, or terminating a covered employee, other than for a cause consistent with any collective bargaining agreement. Effective 7/1/3000. (HD1)

Statutes affected:
SB1500: 269-14.5
SB1500 SD1: 269-14.5
SB1500 SD2: 269-14.5
SB1500 HD1: 269-14.5
Latest: 269-14.5