§ 830 Public Utility Security Guarantees

• •Public utility companies (like water, gas, or electric companies) can't promise to pay someone else's long-term debts (over 12 months) unless they get permission first.
• •If they do it without permission, that promise is not valid and won't count.

A gas company wants to help a friend's business by promising to pay back a big loan if the friend can't.

The gas company can't make this promise unless they ask the government first and get a yes. If they do it without asking, the promise doesn't mean anything, and they don't have to pay.