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.

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 Most of its provisions were repealed in the Public Utility Holding Company Act of 2005.
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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.
Utility Regulation: Opportunities Exist to Improve Oversight
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.
Congress strikes MTBE provision in energy bill
And it would repeal the Public Utility Holding Company Act of 1935 so that any company could buy into the utility business.
Energy company policy
The Public Utility Holding Company Act of 1935 requires utility holding companies to divest operations not integral to their primary operations.
NiSource completes sale of water company. (Newsline: for the latest industry developments)
PUHCA -- The Public Utility Holding Company Act of 1935.
Energy Connections
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.
GOVERNMENT GUIDELINES
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.
Electric utility holding companies: the new regulatory challenges
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.
A precocious kid named "Edgar" reaches adolescence
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.
Public Utility Holding Company Act: Opportunities to Strengthen SEC's Administration of the Act
Referencing the West Coast electricity crisis and the Enron bankruptcy, Cantwell argued that the current bill's repeal of the Public Utility Holding Company Act of 1935, which places restrictions on utility mergers, would leave consumers vulnerable to market abuses and rising prices.
Senate passes comprehensive energy bill after much debate

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