(a)  The purposes for which a domestic public utility may issue stocks, bonds, or other evidences of indebtedness, payable more than twelve (12) months from date of issue, pursuant to §§ 39-3-15, 39-3-17 — 39-3-19, and 39-3-21 shall include the acquisition of ownership of, or other interests in, electric-generating facilities, within or without this state, or portions thereof.

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Terms Used In Rhode Island General Laws 39-20-10

  • Commission: means the public utilities commission. See Rhode Island General Laws 39-20-2
  • Electric utility: means any individual, partnership, corporation, association, or entity, or subdivision thereof, private, governmental, or other, wherever resident or organized, primarily engaged in the generation and sale or purchase and sale of electricity, or the transmission thereof, for ultimate consumption by the public. See Rhode Island General Laws 39-20-2
  • Electric-generating facilities: means electric-generating units rated five hundred megawatts (500 MW) or above, and generating stations in commercial generation on or before January 1, 1990, that are subsequently altered or modified to increase the rating of these stations by at least two hundred megawatts (200 MW), and related facilities including those for the transmission of the capacity and related energy from these units or stations. See Rhode Island General Laws 39-20-2
  • Foreign electric utility: means any electric utility other than a domestic electric utility. See Rhode Island General Laws 39-20-2
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Public utility: means and includes every company that is an electric distribution company and every company operating or doing business in intrastate commerce and in this state as a railroad, street railway, common carrier, gas, liquefied natural gas, water, telephone, telegraph, and pipeline company, and every company owning, leasing, maintaining, managing, or controlling any plant or equipment, or any part of any plant or equipment, within this state for manufacturing, producing, transmitting, distributing, delivering, or furnishing natural or manufactured gas, directly or indirectly, to or for the public, or any cars or equipment employed on, or in connection with, any railroad or street railway for public or general use within this state, or any pipes, mains, poles, wires, conduits, fixtures, through, over, across, under, or along any public highways, parkways, or streets, public lands, waters, or parks for the transmission, transportation, or distribution of gas for sale to the public for light, heat, cooling, or power for providing audio or visual telephonic or telegraphic communication service within this state, or any pond, lake, reservoir, stream, well, or distributing plant or system employed for the distribution of water to the consuming public within this state, including the water supply board of the city of Providence; provided, that, except as provided in § 39-16-9 and in P. See Rhode Island General Laws 39-1-2
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8

(b)  Notwithstanding the provisions of § 39-3-20, any foreign electric utility, other than a governmental entity, that owns and operates any electric-generating facilities within this state or portions thereof shall be subject to the provisions of §§ 39-3-15, 39-3-17 — 39-3-19, and § 39-3-21 and other regulatory laws within the state with respect to any financing of the cost of its acquisition of ownership of or other interests in the electric-generating facilities, including the issuance of stocks, bonds, or other evidences of indebtedness payable more than twelve (12) months from the date of issue; provided, however, that it shall be exempt from the provisions of this subsection upon the filing with the commission of certification by a regulatory commission of the state of domicile or principal locus of the foreign electric utility, or of the United States, that the regulatory commission has regulatory jurisdiction over the financing of the foreign electric utility.

History of Section.
P.L. 1975, ch. 215, § 1.