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 Most of its provisions were repealed in the Public Utility Holding Company Act of 2005.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.
References in periodicals archive ?
The Public Utility Holding Company Act is the most restrictive law administered by the Commission," said Commissioner Isaac Hunt of the SEC, the federal agency in charge of administering this law.
FPL Group is subject to changes in laws or regulations, including the Public Utility Regulatory Policies Act of 1978, as amended (PURPA), the Public Utility Holding Company Act of 1935, as amended (Holding Company Act), the Federal Power Act, the Atomic Energy Act of 1954, as amended, the Energy Policy Act of 2005 and certain sections of the Florida statutes relating to public utilities, changing governmental policies and regulatory actions, including those of the Federal Energy Regulatory Commission (FERC), the Florida Public Service Commission (FPSC) and the utility commissions of other states in which FPL Group has operations, and the U.
Dominion`s initial intent was to merge CNG into Dominion and remain exempt under the Public Utility Holding Company Act of 1935 (PUHCA).
Also pending is approval by the Federal Energy Regulatory Commission, and the granting of a Public Utility Holding Company Act exemption for AES by the Securities and Exchange Commission.
Securities and Exchange Commission has issued an order confirming that Houston Industries Incorporated (NYSE: HOU) (HI) will continue to be exempt from registration under the Public Utility Holding Company Act of 1935 following its pending merger with NorAm Energy Corp (NYSE: NAE).
The Securities and Exchange Commission is proceeding with its approval process under the Public Utility Holding Company Act of 1935 with regard to the proposed merger.
9, 1996, two filings were made in the Securities and Exchange Commission (SEC) proceeding in which Texas Utilities is seeking approval of the ENSERCH merger under the Public Utility Holding Company Act of 1935, one of which was by the Antitrust Division of the Department of Justice (DOJ).
In the Telecommunications Act of 1996, Congress modified the Public Utility Holding Company Act of 1935 to foster the entry of utility holding companies into telecommunications through acquiring and maintaining an interest in ETCs.
CSW had been restricted from telecommunications activities by the Public Utility Holding Company Act of 1935 (PUHCA).
12 /PRNewswire/ -- A broad coalition of electric and gas utility systems from across the United States said it strongly supports a bill introduced in the Senate today to repeal the Public Utility Holding Company Act of 1935.
In its report, the staff recommended the conditional repeal of the Public Utility Holding Company Act of 1935, a law that requires registered utility holding companies like GPU to seek approval from the SEC for most of their financial transactions.

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