Louisiana Revised Statutes 45:1172 – Security issues; commission’s order to be followed
Current as of: 2023 | Check for updates
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Terms Used In Louisiana Revised Statutes 45:1172
- commission: means the Louisiana Public Service Commission. See Louisiana Revised Statutes 45:1161
- Public utility: means any person, public or private, subject to the general jurisdiction of the commission but not including carriers by rail, water, electric or motor vehicles or pipelines, or public utilities municipally owned, or operated, or regulated, unless the electors of such municipality, and electors residing outside the municipality, who are customers of the municipally owned utility, have manifested their approval of such jurisdiction as is required by La. See Louisiana Revised Statutes 45:1161
- Security: means any note, stock, treasury stock, bond, debenture or other evidence of interest in or indebtedness of a public utility. See Louisiana Revised Statutes 45:1161
No public utility shall, without the consent of the commission, apply any security or any proceeds thereof to any purpose not specified in the commission’s order, or supplemental order, or to any purpose in excess of the amount allowed for such purpose in the order, or supplemental order, or to any purpose in contravention of the order.