Wisconsin Statutes
Wis. Stat. § 196.53 (2026)
Franchise, foreign corporation not to have
✓ current as of July 2026
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196.53196.53 Franchise, foreign corporation not to have. No license, permit or franchise to own, operate, manage or control any plant or equipment for the production, transmission, delivery or furnishing of heat, light, water or power may be granted or transferred to a foreign corporation. This section does not apply to an independent system operator, as defined in s. 196.485 (1) (d), or an independent transmission owner, as defined in s. 196.485 (1) (dm), that is approved by the applicable federal agency, as defined in s. 196.485 (1) (c), and that controls transmission facilities, as defined in s. 196.485 (1) (h), in this and another state.
196.53 AnnotationThis section does not violate the interstate commerce clause of the U. S. constitution. Alliant Energy Corporation v. Bie, 330 F.3d 904 (2003).
Notes of Decisions
Cited in 2
cases, 1984–2002 · leading case: N. States Power Co. v. Minnesota Pub. Utils. Comm'n, 344 N.W.2d 374 (Minn. 1984).
N. States Power Co. v. Minnesota Pub. Utils. Comm'n, 344 N.W.2d 374 (Minn. 1984). “Because Wisconsin law requires all public utilities conducting business in Wisconsin to be domestic corporations (Wis.Stat. § 196.53 (1979-80)), Northern States Power-Wisconsin (NSP-W) is a wholly owned subsidiary of NSP which provides retail and wholesale service to Wisconsin…”
Alliant Energy Corp v. Bie, Ave M., 277 F.3d 916 (7th Cir. 2002). “Wis. Stat. § 196.53 . A third law prevents any holding company in Alliant’s position from selling as little as 10% of its stock to a single person without prior administrative approval, Wis.”
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