§2373 Transfer to Governmental or Other Legal Entity; Determination of Transferee

Summary

A utility can be transferred to certain owners if they are legally allowed to run it: the city where the community is, the State where the community is located, a local government unit or state agency, or any person, company, or other legal entity. When picking who should get the utility, the Commission can look at the usual owners of similar utilities in that State; whether the transferee can operate the utility; the likely sale price, the transferee’s ability to pay, and any likely costs; what the community’s eligible voters show in an official vote or a Commission procedure; and whether the transfer helps the United States by reducing possible needs for local assistance as allowed under subchapters VII and VIII of this chapter.