Opinion No. Oag 46-82, (1982)

FRED A. RISSER, President State Senate

You have requested my opinion as to whether a holding company formed by a public utility corporation would itself be a "public utility" within the meaning of sec. 196.01(1) Stats., and thus subject to the regulatory jurisdiction of the Public Service Commission (Commission).

You indicate in your request that a public utility corporation has formulated a plan to create a holding company corporation. One element of the plan is an exchange of stock through which the newly formed holding company would acquire all common stock of the public utility corporation…