WATER/SEWER OPERATORS: Provides relative to receivership of water or wastewater companies (EN NO IMPACT See Note)
What changed between versions
Added a mandatory requirement for the receiver to submit and publish a transition and operational plan within 90 days of appointment, detailing service restoration, finances, and a timeline for resolving the receivership.
Modified the bond requirement for receivers to explicitly allow the court to waive the bond upon a showing of just cause, whereas the original text did not mention this possibility.
Updated the list of conditions allowing a court to place a company in receivership to include specific performance grades (D or F) and excessive sewerage discharges, replacing a more general reference to rules adopted by the commission.
Established a specific 90-day deadline for the receiver to submit their transition and operational plan to the commission.