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Public Utility Holding Company Act of 1935, 15 U.S.C.
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.
It will repeal the
Public Utility Holding Company Act of 1935, which places restrictions on utility mergers, and will streamline the hydroelectric re-licensing process.
And it would repeal the
Public Utility Holding Company Act of 1935 so that any company could buy into the utility business.
PUHCA The
Public Utility Holding Company Act of 1935 was passed to protect consumers from the complex holding company structures and cross-share ownerships of many of the electric and gas utilities in the 1920s.
The
Public Utility Holding Company Act of 1935 (PUHCA) and the Federal Power Act (FPA) were enacted to eliminate unfair practices and other abuses by electricity and gas holding companies by requiring federal control and regulation of interstate public utility holding companies.
The
Public Utility Holding Company Act of 1935 requires utility holding companies to divest operations not integral to their primary operations.
* PUHCA -- The
Public Utility Holding Company Act of 1935. This act prohibits acquisition of any wholesale or retail electric business through a holding company unless that business forms part of an integrated public utility system when combined with the utility's other electric business.
Electric and gas utility systems throughout the country voiced strong support for bipartisan legislation introduced to repeal the
Public Utility Holding Company Act of 1935. The legislation would replace the 64-year-old PUHCA with a new holding company act to allow greater flexibility in the utility industry and to ensure consumer safeguards.
* The
Public Utility Holding Company Act of 1935 will cease to apply only after each state in which a utility company does business notifies FERC and the Securities and Exchange Commission that retail customers are able to purchase electricity or natural gas on a competitively neutral and nondiscriminatory basis.
Before passage of the
Public Utility Holding Company Act of 1935 (PUHCA), a small number of holding companies owned most utilities in the United States.
In addition to the two primary Securities Acts of 1933 and 1934, EDGAR also provides a filing process for selected documents required under the
Public Utility Holding Company Act of 1935, the Trust Indenture Act of 1939, and the Investment Company Act of 1940.
