State Codes and Statutes

Statutes > Wisconsin > 196 > 196.805

196.805

196.805 Consolidation or merger of telecommunications utilities.

196.805(1)

(1) Notice. A telecommunications utility shall provide the commission with adequate notice of any consolidation, merger or acquisition listed in sub. (2) not more than 10 business days after the completion of the consolidation, merger or acquisition. The commission shall retain continuing supervisory jurisdiction over the telecommunications utility, as necessary to enforce ss. 196.204 and 196.219.

196.805(2)

(2) Applicability. This section applies to any of the following actions of a telecommunications utility:

196.805(2)(a)

(a) Merger or consolidation with one or more other public utilities.

196.805(2)(b)

(b) Acquisition of 5% or more of the stock of any other public utility.

196.805(2)(c)

(c) Consolidation or merger with any Wisconsin corporation if substantially all of the assets of the corporation consist of the entire stock of the public utility.

196.805(2)(d)

(d) Sale, acquisition, lease or rental of any telecommunications utility plant or property constituting an operating unit or system.

196.805(2)(e)

(e) Acquisition of the majority of the stock of a telecommunications utility by other than a public utility.

196.805 - ANNOT.

History: 1993 a. 496.