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Sunday, May 17, 2020 | History

4 edition of The Public Utility Holding Company Act of 1995--S. 1317 found in the catalog.

The Public Utility Holding Company Act of 1995--S. 1317

The Public Utility Holding Company Act of 1995--S. 1317

hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fourth Congress, second session, on S. 1317, to discuss issues relating to the reform of the Public Utilities Holding Company Act of 1935, June 6, 1996.

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Published by U.S. G.P.O., For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office in Washington .
Written in English

    Subjects:
  • Public utility holding companies -- United States

  • Edition Notes

    SeriesS. hrg -- 104-602.
    The Physical Object
    FormatMicroform
    Paginationiv, 117 p.
    Number of Pages117
    ID Numbers
    Open LibraryOL17804956M
    OCLC/WorldCa36459694

    Public Utility Holding Company Act -limited businesses from making a monopoly because if a business has a monopoly, they can regulate the prices Federal Securities Act. H.R. (th). To repeal the Public Utility Holding Company Act of , to enact the Public Utility Holding Company Act of , and for other purposes. In , a database of bills in the U.S. Congress.

    PUBLIC UTILITY HOLDING COMPANY ACT OF AS AMENDED _____ AN ACT To provide for control and regulation of public utility holding companies, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, that this Act may be cited as the “Public Utility Act of ”File Size: KB. (j) It is the intent of the Legislature in enacting this section to utilize the social security account number or federal employer identification number for the purpose of establishing the identification of persons affected by state tax laws and for purposes of compliance with Section of the Family Code and, to that end, the information furnished pursuant to this section shall be used.

    Public Utility Holding Company Act of A law that was passed by the United States Congress to facilitate regulation of electric utilities, by either limiting their operations to a single state, and thus subjecting them to effective state regulation, or forcing divestitures so that each became a single integrated system serving a limited. Chapter —PUBLIC UTILITIES Kansas disaster utilities response act. Jurisdiction over holding companies; "affiliated interests" defined. Submission of contracts with affiliated interests to commission.


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The Public Utility Holding Company Act of 1995--S. 1317 Download PDF EPUB FB2

Public Utility Holding Company Act of - Repeals the Public Utility Holding Company Act of Prescribes procedural guidelines for both Federal Energy Regulatory Commission (FERC) and State access to records of a holding company (including subsidiaries, associates and affiliates) of a public utility or natural gas company.

The Public Utility Holding Company Act of S. hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fourth Congress, second session, on S. to discuss issues relating to the reform of the Public Utilities Holding Company Act.

Full text of "The Public Utility Holding Company Act of S. hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fourth Congress, second session, on S.to discuss issues relating to the reform of the Public Utilities Holding Company Act ofJune 6, " See other formats.

,' the Public Utility Holding Company Act of which would repeal the Public Utility Holding Company Act of (PUHCA).3 PUHCA is administered by the U.S. Securities and Exchange Commission (SEC), which proposed the repeal of PUHCA in June Under PUHCA, the SEC regulates public utility holding companies.

(3) ‘‘Electric utility company’’ means any company which owns or operates facilities used for the generation, trans- mission, or distribution of electric energy for sale, other than sale to tenants or employees of the company operating such facilities for their own use and not for Size: KB.

To use the authority to access books and records under PUHCAstate commissions having jurisdiction over a public utility company in a holding company must make a written request for the records, wherever located, needed of the holding company or an affiliate or associate by: 2. The order states that PEPCO, previously an electric utility company and a registered holding company, along with its public utility subsidiary Susquehanna Power Company and Genco’s public utility subsidiary, Susquehanna Electric Company were converted into exempt wholesale generators (“EWGs”), as that term is defined in Section 32 of the Act.

Lloyd Levitin. Lloyd A. Levitin (born ) is an American businessman, former business executive, and currently professor of clinical finance and business economics at the University of Southern California's Marshall School of Business.

He teaches financial analysis and valuation courses in the full-time MBA and undergraduate tion: Management expert, cfo, professor, musical. The term “public-utility company” means an electric utility company or a gas utility company.

(15) State commission The term “ State commission ” means any commission, board, agency, or officer, by whatever name designated, of a State, municipality, or other political subdivision of a State that, under the laws of such State, has jurisdiction to regulate public utility companies.

1: See Act section 1(b), 15 U.S.C. § 79a(b).: 2: See Public Utility Holding Company Act Amendments: Hearings on S. S. and S. Before the Subcomm. On Securities of the Senate Comm. On Banking, Housing, and Urban Affairs, 97 th Cong., 2d Sess. (statement of SEC).: 3: The study focused primarily on registered holding company systems, of which there were.

The Public Utility Holding Company Act of (PUHCA), also known as the Wheeler-Rayburn Act, was a US federal law giving the Securities and Exchange Commission authority to regulate, license, and break up electric utility holding limited holding company operations to a single state, thus subjecting them to effective state also broke up any holding companies with Enacted by: the 74th United States Congress.

The Evolution of Public Utility Regulation The following sections examine public utility regulation in the gas and electric industries and the water industry.

The Gas and Electric Industries Regulation in the gas and electric industries evolved in four distinct phases: the first phase (ca.

–99) was a period of weak municipal con. But the companies planned to challenge the new law in the courts, and few holding companies bothered to register with the SEC or comply with its call for selfregulation. As a test case, the bankrupt American Public Service Company petitioned the federal court in Baltimore to review the entire act's.

cavalier fashion is the Public Utility Holding Company Act of Many consider the act of only academic interest since the regulatory pattein of the act makes the Securities and Exchange Commission's functions self-liquidat-ing.2 However, the belief that the process of elimination of vintage holding companies has been completed is.

The Public Utility Holding Company Act of By E. OSTRANDER* T HE Public Utility Act of I' is in effect two separate acts. Title I of the Act is cited as the "Public Utility Holding Company Act of " and is applicable, generally speaking, to holding companies in the electric and gas utility fields.

Title II of the Act. The Repeal of the Public Utility Holding Company Act of (PUHCA) and Its Impact on Electric and Gas Utilities Introduction Congress has imposed ownership and operational limitations on the utility industry since early in the 20 th century.

Different statutes have targeted different industry practices, all with the general goal of ensuring dependable utility services for the public at. A holding company system's public utility operations will be deemed confined substantially to a single state if the holding company system does not derive more than 13 percent of its public-utility revenues from outside a single state.

A holding company system or state commission may, pursuant to this subsection. PART IV COMPANY PUBLIC UTILITIES. Application of Part. This Part applies to every company, other than a municipality or a local board of a municipality, incorporated for the purpose of supplying a public utility.

c. 25, s. (3). Section Amendments with. The Consumer Case for Conditional Repeal of the Holding Company Act Sensible repeal of PUHCA, if based on proper conditions, can strike a fair balance between providing consumers with reasonable regulatory protections and freeing registered holding companiesfrom the prohibitions and financial restrictions of the Holding Company : Marty Kanner.

Arrangement of Sections Companies Act Page 6 Act 14 of to 83 Subsidiary may not hold shares in holding company. Holding Company Act of (‘‘PUHCA’’) and to enact the Public Utility Holding Company Act ofand for other purposes, with a recommendation that the bill do pass.

The Committee’s action was taken by a voice vote. Senators Kerry, Bryan, Johnson and Reed asked to be recorded as voting in the negative.

HISTORY OF THE LEGISLATION.For purposes of this part: Affiliate. The term “affiliate” of a company means any company, 5 percent or more of the outstanding voting securities of which are owned, controlled, or held with power to vote, directly or indirectly, by such company.

Associate company. The term “associate company” of a company means any company in the same holding company system with such company.18 CFR Part _Books and Records. Electric power Natural gas Reporting and recordkeeping requirements Utilities Water supply 18 CFR Part _Uniform System of Accounts for centralized service companies subject to the provisions of the Public Utility Holding Company Act ofFederal Power Act and Natural Gas Act.

Electric power Natural gas.