INDIANAPOLIS-The Indiana state Supreme Court said on Friday the Indiana Utility Regulatory Commission does not have authority to review the proposed merger of Ameritech Corp. and SBC Communications Inc. because the Indiana commission only has the authority to regulate Indiana Bell Telephone Co. Inc., not its parent.
“[Indiana Bell’s] ownership-more precisely its indirect ownership-will change, but it will remain the same regulated utility that exists today with the same assets and liabilities, the same customers and suppliers, and the same corporate structure and capitalization,” said the court.
