AN ACT CONCERNING A PROHIBITION ON PUBLICLY TRADED UTILITY COMPANIES.

SB 423 prohibits publicly traded utility companies from listing or trading their stock on any stock exchange. It directly affects all utility companies that currently have publicly traded shares, such as electric, gas, or water providers. The bill would amend state statutes to require these companies to delist from stock exchanges, removing their ability to raise capital through public stock markets. This is a procedural change with no new regulatory requirements for utilities themselves.