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Public Utility Holding Company Act

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Public Utility Holding Company Act of 1935
Legislation in the United States limiting the activities of utility companies such as electric companies. Specifically, the Public Utility Holding Company Act requires utility companies to restrict their businesses to either a single state or to a small, manageable geographic area in order to be subject to state regulations. It also requires them to obtain approval from the SEC in order to engage in business unrelated to the utility industry. The Act was passed in response to near monopolistic activities on the part of utility companies. Most of its provisions were repealed in the Public Utility Holding Company Act of 2005.

Public Utility Holding Company Act
The 1935 act that gives the SEC authority over the security issues, the accounting systems, the corporate structures, and the intercompany transactions of public utilities. This act was a response to serious abuses of utility managements uncovered during the depression years.


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GAO-08-752T May 1, 2008 Under the Public Utility Holding Company Act of 1935 (PUHCA 1935) and other laws, federal agencies and state commissions have traditionally regulated utilities to protect consumers from supply disruptions and unfair pricing.
Geothermal QFs are also exempt from various provisions of the Public Utility Holding Company Act of 2005 (PUHCA), certain state laws and regulations respecting the rates and other financial and organizational aspects, and most sections of the Federal Power Act.
GAO-05-617 July 8, 2005 The Public Utility Holding Company Act of 1935 (PUHCA), which is administered by the Securities and Exchange Commission (SEC), subjects public utility holding companies to federal regulation.
 
 
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