Public Utility Holding Company Act of 1935

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Public Utility Holding Company Act of 1935

Legislation intended to eliminate many holding company abuses by reorganizing the financial structures of holding companies in the gas and electric utility industries and regulating their debt and dividend policies.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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 Most of its provisions were repealed in the Public Utility Holding Company Act of 2005.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The Health Information Technology Public Utility Act of 2009 would provide grant funding to expand the use of open source software already in use in federal government agencies such as the U.S.
The Public Utility Holding Company Act (PUHCA) and the Federal Power Act (FPA) of 1935 (Title I and Title II of the Public Utility Act) established a regime of regulating electric utilities that gave specific and separate powers to the states and the federal government (see CRS Report RS20015).

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