With Acquisition Talks Almost Sealed, Is BTL Defying PUC Laws?

But, if they are interested, the PUC law certainly has the teeth to put major brakes on the entire acquisition.

It says, among other things, quote, "No licensee may transfer or assign or sell a license granted to it under this Act or cede control in the operations of the licensee or merge with another person or licensee without the prior written approval of the PUC.The PUC may refuse a cession, sale or assignment of a licence or a merger or takeover of a licensee when it determines that the objects of this Act may be frustrated...."_end quote.

We note that the objects of the act all have to do with creating a competitive environment.