{"data":{"id":"us-ky/krs-278.218","jurisdiction":"us-ky","citation":"KRS 278.218","heading":"Approval of commission for change in ownership or control of assets","body":"owned by utility.\n(1) No person shall acquire or transfer ownership of or control, or the right to control,\nany assets that are owned by a utility as defined under KRS 278.010(3)(a) w ithout\nprior approval of the commission, if the assets have an original book value of one\nmillion dollars ($1,000,000) or more and:\n(a) The assets are to be transferred by the utility for reasons other than\nobsolescence; or\n(b) The assets will continue to be used to provide the same or similar service to\nthe utility or its customers.\n(2) The commission shall grant its approval if the transaction is for a proper purpose\nand is consistent with the public interest.","path":["KRS Chapter 278"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=14079","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:29Z","sha256":"c3c914942105357654974ade0f73f9c960121bc10cb9297c8c325c30da6cbb04","source_id":"us-ky","stale":false,"prev":"us-ky/krs-278.216","next":"us-ky/krs-278.220"},"notice":"GroundRules: Original legal text. Not legal advice."}