Easing reporting requirements for utilities, transportation

The House Technology and Economic Development Committee this week heard public comment on SB 6179, a proposal that would modify the annual reporting requirements for utility and transportation companies.

The measure’s prime sponsor is State Sen. Reuven Carlyle (D-36), and its cosponsors include State Sens. Kevin Ranker (D-40), Sam Hunt (D-22) and Tim Sheldon (D-35).

Under the bill, a public service company would no longer be required to include detailed financial information such as the amount of capital stock issued or the value of the company’s property in its annual reports. Also, a company failing to file its annual report will be subject to fines and risk losing its operating authority.

The bill was first introduced in January in front of the Senate Energy, Environment and Technology Committee. On Feb. 7, the Senate approved the measure in a 35-13 vote.

The bill is scheduled for executive session on Feb. 22.

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