Senate Bill 1860
115th Congress(2017-2018)
PARs Act
Introduced
Introduced in Senate on Sep 26, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1860
Congress
115
Policy Area
Energy
Energy
Primary focus of measure is all sources and supplies of energy, including alternative energy sources, oil and gas, coal, nuclear power; efficiency and conservation; costs, prices, and revenues; electric power transmission; public utility matters.
No Senate votes have been held for this bill.
Summary
Parity Across Reviews Act or the PARs Act
This bill amends the Federal Power Act with respect to the prohibition regarding mergers or consolidations by a public utility. Any merger or consolidation of a public utility whose value exceeds $10 million must first be authorized by the Federal Energy Regulatory Commission (FERC).
In addition, FERC is required to promulgate a rule within 180 days that mandates any public utility seeking to merge or consolidate to notify FERC, within 30 days of transaction consummation, if the value of such merger or consolidation exceeds $1 million but is less than $10 million.
September 26, 2017
10/03/2017
Committee on Energy and Natural Resources Subcommittee on Energy. Hearings held. With printed Hearing: S.Hrg. 115-318.
09/26/2017
Read twice and referred to the Committee on Energy and Natural Resources.
09/26/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:38:33 PM