AN ACT CONCERNING THE ACQUISITION OF AN ELECTRIC DISTRIBUTION COMPANY BY THE STATE.

HB 5935 would allow the state to acquire an electric distribution company serving Connecticut, Massachusetts, and New Hampshire. It creates a committee to value the company, authorizes the state to issue bonds to fund the purchase, and permits selling the company's out-of-state assets to repay acquisition costs. This bill directly affects ratepayers (who pay electricity bills) and the company's shareholders. The key mechanisms are the valuation committee, state bond issuance, and asset sales to cover acquisition expenses.