PLEASE NOTE: Legislative Information cannot perform research, provide legal advice, or interpret Maine law. For legal assistance, please contact a qualified attorney.
An Act To Enhance Transparency in the Regulation of Large, Investor-owned Transmission and Distribution Utilities
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 35-A MRSA §504, sub-§2, as enacted by PL 1987, c. 141, Pt. A, §6, is amended to read:
 
2. Filing of information.   A balance sheet as of the date the account is closed shallmust be promptly taken from the account. Within 3 months after the account is closed, the balance sheet together with any other information as the commission may prescribe, shallrequires must be verified by an officer or owner of the public utility and filed with the commission. Each large, investor-owned transmission and distribution utility, as defined in section 3201, subsection 12, shall provide with the balance sheet and other information a calculation of the utility's return on common equity for the same period in the manner the commission requires, and shall provide a calculation of the utility's return on common equity for each of the previous 3 years. For purposes of this subsection, "return on common equity" means the return on common equity on investments subject to commission jurisdiction.
 
Effective 90 days following adjournment of the 125th Legislature, First Regular Session, unless otherwise indicated.