IndianaHB 1186Second Regular Session 124th General Assembly (2026)House

Restrictions on the sale of public utilities.

Sponsored By: Becky Cash (Republican)

Failed

Summary

Prohibits a public utility from: (1) selling, assigning, transferring, leasing, or encumbering its franchise, business, or property; or (2) selling, assigning, or transferring any shares of its stock; to a prohibited person. Provides that the Indiana utility regulatory commission may not approve such a transaction, and that any contract for such a transaction is void. Provides that for purposes of this prohibition, a "prohibited person" means either of the following: (1) A private equity firm or an affiliate of a private equity firm. (2) A citizen of, or a company owned or controlled by or headquartered in, China, Iran, North Korea, Russia, or a country designated as a threat to critical infrastructure by the governor.

utilities

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Becky Cash

    Republican • House

Cosponsors

  • Alex Zimmerman

    Republican • House

  • Kendell Culp

    Republican • House

  • Lorissa Sweet

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Representative Zimmerman added as coauthor

    1/5/2026House
  2. Authored by Representative Cash

    1/5/2026House
  3. First reading: referred to Committee on Utilities, Energy and Telecommunications

    1/5/2026House
  4. Coauthored by Representatives Culp, Sweet

    1/5/2026House

Bill Text

  • Introduced House Bill (H)

Related Bills

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