The bill amends Sections 39-3-24 and 39-3-25 of the General Laws concerning the regulatory powers of public utilities in Rhode Island. It transfers the authority for approving transactions between utilities from the "division" to the "commission," thereby requiring the commission's consent for public utilities to enter into contracts, purchase, lease, or merge with one another.

The bill introduces new provisions that emphasize the public interest in these transactions, including considerations for rates, competitive market access, environmental protection, and the interests of citizens and businesses. It mandates that the commission allow public hearings and intervention from any interested parties, ensuring that various stakeholders can advocate for their interests during the approval process.

Additionally, any commission order issued under this section is subject to appellate review under 42-35-15. This act will take effect upon passage.