describing Bi-State as a nonprofit public agency
How later courts described this case
- describing Bi-State as a nonprofit public agency
Written by the judges who cited it.
The opinion
WELLIVER, Judge,
dissenting.
I respectfully dissent.
If our Public Service Commission is powerless to control the sale of assets of regulated utilities, it is in fact virtually powerless to regulate utilities in this era of sales and mergers. Our holding today is an open invitation for manipulated sales and mergers. I would affirm the circuit court.