(a) Operating authority may not be transferred by sale or lease of the certificate or by the sale of substantially all of the stock or assets of a pipeline carrier holding a certificate without the prior approval of the commission. A transfer not involving a substantial change in ownership shall be summarily approved.
(b) The commission's decision under this section shall be based on the best interest of the public.
Structure Alaska Statutes
Title 42. Public Utilities and Carriers and Energy Programs
Article 2. Certificate of Public Convenience and Necessity.
Sec. 42.06.240. Certificate required; special requirements for North Slope natural gas.
Sec. 42.06.245. Federally regulated carriers.
Sec. 42.06.260. Public hearings.
Sec. 42.06.270. Grant or denial of application.
Sec. 42.06.280. Insurance and security.
Sec. 42.06.286. Pipeline carrier regulatory cost charge.
Sec. 42.06.290. Abandonment; discontinuance, and suspension of service.
Sec. 42.06.300. Modification, suspension, or revocation of certificates.