The Public Utility Holding Company Act of 1935. Among other things, the Act restricts the ability of outside parties to own public utilities, and of one utility to acquire another.
PUBLIC UTILITY HOLDING COMPANY ACT. US federal Act of 1935 which grants the Securities and Exchange Commission (SEC), the US regulator, the power to prevent electric public utility holding companies from having generation assets in two areas of the US that are not geographically adjoining. Under pressure of repeal in late 1998 in the face of US power market deregulation.
Public Utility Holding Company Act. Enacted in 1935, it regulates the corporate structure, securities issuances, and business activities of electric utilities.
The Public Utility Holding Company Act of 1935 (PUCHA) was created to regulate the corporate structure of the electric utility industry. Holding companies that operate predominantly within a single state can seek exemption form the majority of PUCHA requirements. Multi-state holding companies are known as "registered holding companies." These registered holding companies are required to be geographically and operationally integrated and limitations are placed on affiliate transactions, diversification and financing. PUHCA is administered by the Securities and Exchange Commission (SEC).
PUBLIC UTILITY HOLDING COMPANY ACT. US federal act of 1935 that grants the Securities and Exchange Commission, a US financial regulator, the power to prevent electric public utility holding companies from having generation assets in two areas of the US that are not geographically adjoining. Puhca has been under pressure of amendment or repeal in the face of power market restructuring and consolidation, and repeal is being considered as part of new US energy policy legislation as of 2005.
see Public Utility Holding Company Act
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. The legislation also restricts ownership of an electric business by non-utility corporations.
