Prohibits certain transactions involving public utilities unless the Public Service Commission finds them to be in the public interest

HB 3437 requires gas, electric, water, and sewer utilities to obtain approval from the Public Service Commission (PSC) before selling, merging, or transferring their essential service assets. This applies directly to public utilities providing core infrastructure services, such as water and electricity providers. The bill mandates that utilities submit impact statements detailing how transactions might affect local tax revenues, and the PSC must formally determine that any transaction serves the public interest before it can proceed. Transactions violating these requirements are void, ensuring regulatory oversight of major utility ownership changes.