(a) The methods and manner in which utility services are provided by domestic public utilities to the citizens, businesses, institutions, and other utility customers in Arkansas are directly related to the continued health, safety, and welfare of the citizens of Arkansas. Homes, schools, churches, places of business, and other facilities necessarily used and occupied by the citizens of Arkansas depend upon and must receive safe, reliable, and justly priced utility services. (b) The merger or acquisition or attempted acquisition of control of a domestic public utility may, if not regulated by the State of Arkansas: (1) Diminish the ability or determination of the domestic public utility to meet its contractual obligations or render the same level of service that the domestic public utility is currently rendering; (2) Substantially lessen competition in the furnishing of utility service; (3) Jeopardize the financial stability of the domestic public utility; (4) Be detrimental to the customers of the domestic public utility and not be in the public interest; or (5) Lead to the control or operation of the domestic public utility by persons of such competence, experience, or integrity that would not be in the interest of the domestic public utility's customers or the public. Acts 1985, No. 343, § 13; A.S.A. 1947, § 73-142. (a) The methods and manner in which utility services are provided by domestic public utilities to the citizens, businesses, institutions, and other utility customers in Arkansas are directly related to the continued health, safety, and welfare of the citizens of Arkansas. Homes, schools, churches, places of business, and other facilities necessarily used and occupied by the citizens of Arkansas depend upon and must receive safe, reliable, and justly priced utility services. (b) The merger or acquisition or attempted acquisition of control of a domestic public utility may, if not regulated by the State of Arkansas: (1) Diminish the ability or determination of the domestic public utility to meet its contractual obligations or render the same level of service that the domestic public utility is currently rendering; (2) Substantially lessen competition in the furnishing of utility service; (3) Jeopardize the financial stability of the domestic public utility; (4) Be detrimental to the customers of the domestic public utility and not be in the public interest; or (5) Lead to the control or operation of the domestic public utility by persons of such competence, experience, or integrity that would not be in the interest of the domestic public utility's customers or the public. Acts 1985, No. 343, § 13; A.S.A. 1947, § 73-142. (a) The methods and manner in which utility services are provided by domestic public utilities to the citizens, businesses, institutions, and other utility customers in Arkansas are directly related to the continued health, safety, and welfare of the citizens of Arkansas. Homes, schools, churches, places of business, and other facilities necessarily used and occupied by the citizens of Arkansas depend upon and must receive safe, reliable, and justly priced utility services. (b) The merger or acquisition or attempted acquisition of control of a domestic public utility may, if not regulated by the State of Arkansas: (1) Diminish the ability or determination of the domestic public utility to meet its contractual obligations or render the same level of service that the domestic public utility is currently rendering; (2) Substantially lessen competition in the furnishing of utility service; (3) Jeopardize the financial stability of the domestic public utility; (4) Be detrimental to the customers of the domestic public utility and not be in the public interest; or (5) Lead to the control or operation of the domestic public utility by persons of such competence, experience, or integrity that would not be in the interest of the domestic public utility's customers or the public. Acts 1985, No. 343, § 13; A.S.A. 1947, § 73-142. (a) The methods and manner in which utility services are provided by domestic public utilities to the citizens, businesses, institutions, and other utility customers in Arkansas are directly related to the continued health, safety, and welfare of the citizens of Arkansas. Homes, schools, churches, places of business, and other facilities necessarily used and occupied by the citizens of Arkansas depend upon and must receive safe, reliable, and justly priced utility services. (b) The merger or acquisition or attempted acquisition of control of a domestic public utility may, if not regulated by the State of Arkansas: (1) Diminish the ability or determination of the domestic public utility to meet its contractual obligations or render the same level of service that the domestic public utility is currently rendering; (2) Substantially lessen competition in the furnishing of utility service; (3) Jeopardize the financial stability of the domestic public utility; (4) Be detrimental to the customers of the domestic public utility and not be in the public interest; or (5) Lead to the control or operation of the domestic public utility by persons of such competence, experience, or integrity that would not be in the interest of the domestic public utility's customers or the public. (1) Diminish the ability or determination of the domestic public utility to meet its contractual obligations or render the same level of service that the domestic public utility is currently rendering; (2) Substantially lessen competition in the furnishing of utility service; (3) Jeopardize the financial stability of the domestic public utility; (4) Be detrimental to the customers of the domestic public utility and not be in the public interest; or (5) Lead to the control or operation of the domestic public utility by persons of such competence, experience, or integrity that would not be in the interest of the domestic public utility's customers or the public. Acts 1985, No. 343, § 13; A.S.A. 1947, § 73-142.
‹ Prev All Arkansas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.