HB1186

Restricts the sale of public utilities to prohibited persons.

Prohibits public utilities from selling, assigning, transferring, leasing, or encumbering their franchise, business, or property, or shares of their stock, to a prohibited person. Prohibited persons include private equity firms, affiliates, and entities from China, Iran, North Korea, Russia, or countries designated as threats to critical infrastructure. The Indiana utility regulatory commission may not approve such transactions, and any contracts for such transactions are void. Effective upon passage.