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 Most of its provisions were repealed in the Public Utility Holding Company Act of 2005.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 ?
One way to do this to eliminate laws, such as the 1935 Public Utility Holding Company Act (PUHCA), that interfere with interstate trade.
The California electricity shortage has emboldened the energy industry to once more make an effort to get rid of SEC regulations growing out of the 1936 Public Utility Holding Company Act (PUHCA).
These restrictions were imposed under New Deal legislation, the Public Utility Holding Company Act (PUHCA), after a period when a few massive holding companies controlled virtually all U.
Research from the recently released Platts/Capgemini Utilities Executive Study shows that more than a year after the repeal of the Public Utility Holding Company Act (PUHCA) the regulatory environment for the utility industry is still a source of major concern.
Market structure - Between repeal of the Public Utility Holding Company Act and the creation of new types of companies in restructured markets, the energy supplier now has choices of how to configure for the marketplace, and must plan the right corporate structure and also consider how the restructuring of other firms might affect its future.
The event will enable key players in the utility industry to interact and discuss the repeal of the Public Utility Holding Company Act (PUHCA), which is the primary driver for expected industry consolidation.
Following the repeal of the Public Utility Holding Company Act of 1935 in February 2006, Berkshire exercised the option on its MEHC convertible securities, increasing its diluted voting ownership in MEHC to 86.

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