HB 1186 IN

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Prohibits a public utility from: (1) selling, assigning, transferring, leasing, or encumbering its franchise, business, or property; or (2) selling, assigning, or transferring any shares of its stock; to a prohibited person. Provides that the Indiana utility regulatory commission may not approve such a transaction, and that any contract for such a transaction is void. Provides that for purposes of this prohibition, a "prohibited person" means either of the following: (1) A private equity firm or an affiliate of a private equity firm. (2) A citizen of, or a company owned or controlled by or headquartered in, China, Iran, North Korea, Russia, or a country designated as a threat to critical infrastructure by the governor.

• Becky Cash Republican · author

1. Jan 5, 2026 Coauthored by Representatives Culp, Sweet · lower
2. Jan 5, 2026 First reading: referred to Committee on Utilities, Energy and Telecommunications · lower
3. Jan 5, 2026 Authored by Representative Cash · lower
4. Jan 5, 2026 Representative Zimmerman added as coauthor · lower