(1) The Commission retains its regulatory authority, jurisdiction, and discretion as provided under Title 65, including as follows:
- (a) The Commission has the authority after public notice and hearing to approve an acquiring utility’s purchase of a selling utility upon finding the acquisition to be in the public interest.
- (b) The Commission shall maintain its statutory authority to set rates for the selling utility’s system after it is purchased by the acquiring utility.
- (c) The Commission shall have the discretion to classify the acquired system as a separate entity for ratemaking purposes if such classification is in the public interest and maintains just and reasonable rates for acquired and existing customers.
Authority: T.C.A. §§ 65-2-102 and 65-5-101, et seq. Administrative History: New rules filed August 10, 2021; effective November 8, 2021.