Vermont § 102 - Petition; hearing; certificate

§ 102. Petition; hearing; certificate

• (a) Before the articles of incorporation are transmitted to the Secretary of State, the
  incorporators shall petition the Public Utility Commission to determine whether the
  establishment and maintenance of the corporation will promote the general good of
  the State and shall at that time file a copy of any petition with the Department.
  The Department, within 12 days, shall review the petition and file a recommendation
  regarding the petition in the same manner as is set forth in subsection 225(b) of this title. The recommendation shall set forth reasons why the petition shall be accepted without
  hearing or shall request that a hearing on the petition be scheduled. If the Department
  requests a hearing on the petition, or if the Commission deems a hearing necessary,
  it shall appoint a time and place either remotely accessible or in the county where
  the proposed corporation is to have its principal office for hearing the petition.
  Notice of the hearing shall be given in accordance with section 10 of this title and shall be published on the Commission’s website and once in a newspaper of general
  circulation in the county in which the proposed corporation is to have its principal
  office. The website notice shall be maintained through the date of the hearing. The
  newspaper notice shall include an internet address where more information regarding
  the petition may be viewed. The Department of Public Service, through the Director
  for Public Advocacy, shall represent the public at the hearing. (b) If the Commission finds that the establishment and maintenance of the proposed corporation
  will promote the general good of the State, it shall give the incorporators a certificate
  to that effect under its seal. (c) For good cause, after an opportunity for hearing, the Commission may amend or revoke
  any certificate awarded under the provisions of this section. If any certificate is
  revoked, the corporation shall no longer have authority to conduct any business that
  is subject to the jurisdiction of the Commission, whether or not regulation has been
  reduced or suspended under section 226a or 227a of this title. (Amended 1959, No. 329 (Adj. Sess.), § 39(b), eff. March 1, 1961; 1979, No. 204 (Adj. Sess.), § 19, eff. Feb. 1, 1981; 1987, No. 87, § 4; 1995, No. 99 (Adj. Sess.), § 2; 2023, No. 33, § 4, eff. July 1, 2023; 2023, No. 85 (Adj. Sess.), § 351, eff. July 1, 2024; 2023, No. 142 (Adj. Sess.), § 4, eff. May 30, 2024.)