Ostrander t he public utility act of i935 is in effect two separate acts. This document has been published in the federal register. On that same date, repeal of the public utility holding company act of 1935 puhca 1935 also took effect. Paul white, author of drawing straight with crooked lines. A statement that must be filed with the sec by any holding company that wishes to claim exemption from the public utilities company holding act of 1935.
Final rule page 75592 department of energy federal energy regulatory commission 18 cfr parts 365 and 366. Filings under the public utility holding company act of 1935, as amended act. New public utility holding company act december 16, 2005 by michael s. Public utility holding company act of 1935etc federal.
Public utility holding company act of 1935 trust indenture. The public utility holding company act of 1935 by e. Repeal of the public utility holding company act of 1935. While this assertion is a matter of opinion and open to interpretation, it is a fact that this piece of new deal legislation presents an interesting case study in. The public utility holding company act of 1935 was the result of what many american historians call the fiercest congressional battle in history. Filings under the public utility holding company act of.
Repeal of the public utility holding company act of 1935 and enactment of the. Significance of the public utility holding company act of 1935 upon texas companies. Some recent events have raised concerns about secs administration of the act. The public need for such factfinding studies in this increasingly complex economic era grows greater, irrespective of different economic and political philosophies.
Holding company for determination of exempt telecommunications company status under section 34 of the public utility holding company act of 1935, as amended by section 103 of the telecommunications act of 1996 file no. The repeal of the public utility holding company act of 1935. Statutes at large of the united states of america from january 1935 to june 1936, 1936. Public utility holding company act of 1935 as amended. The federal energy regulatory commission ferc recently approved a final rule implementing the public utility holding company act of 2005 puhca 2005, which became effective on february 8, 2006. Baxter on december 8, the federal energy regulatory commission ferc met its deadline in the energy policy act of 2005 by adopting final rules implementing the repeal of the public utility holding company act of 1935. It limited holding company operations to a single state, thus subjecting them to effective state regulation. Full text of legislation to amend the public utility holding company act of 1935. 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. To provide for control and regulation of public utility holding companies, and for other purposes. The public utility holding company act of 1935 puhca, 1 also known as the wheelerrayburn act, was 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. Public utility holding company act of 1935 wikipedia. On february 8, 2006, the repeal of the public utility holding company act of 1935 puhca went into effect. Time to repeal the public utility holding company act.
Telecommunications company status under section 34 of the public utility holding company act of 1935. The broad authority of the securities and exchange commission under puhca 1935 to regulate public utility holding companies is replaced. Federal energy regulatory commission 888 first street, n. This study is concerned with the significance of the public utility holding company act of 1935 on the public utility holding companies which were operating in texas in 1935. Use the pdf linked in the document sidebar for the official electronic format. The public utility holding company act of 1935 puhca 1935 was repealed in the energy policy act of 2005. Kodi archive and support file vintage software community software apk msdos cdrom software cdrom software library. Direct testimony and exhibits jeff berzina before the. Public utility holding company act of 1935 trust indenture act of 1939. Congress declared in puhca its policy to eliminate the evils of interstate public utility holding companies, to. Client ferc adopts final rules under alert new public. Federal energy regulatory commission 18 cfr parts 365 and 366 docket no. The reports must be filed by directors or officers of an issuer with a class of equity securities registered pursuant to section 12 of.
One of 18 the many requirements under puhca 1935 was to form a service company and to 19 transfer employees that perform common functions for black hills corporations. Title i of the public utility act of 1935 is known as the public utilities holding company act of 1935 puhca. Any company which directly or indirectly owns, controls, or holds with power to vote, 10 per cen tum or more of the out standing voting securities of a public utility holding company or of a company which is a holding company by virtue of. Enron, an oregon corporation with headquarters at 1400 smith street, houston, texas 770027361, has filed two applications with the securities and exchange commission commission seeking orders exempting enron from all provisions of the public utility holding company act of 1935 the act except section 9a2.
Referred to the committee on interstate and foreign commerce and ordered to be printed this file has been linked to w. Full text of legislation to amend the public utility. Implementation of section 34 a1 of the public utility holding company act of 1935, as added by section 103 of the telecommunications act of 1996. The federal power act, which established a federal utility regulatory system, was enacted at the same time as the public utility act of 1935 4. Repeal of the public utility holding company act of 1935 and enactment of the public utility holding company act of 2005. Search, browse and learn about the federal register. Title i of the act is cited as the public utility holding company act of 1935 and is applicable, generally speaking, to holding companies in the electric and gas utility fields. The public utility holding company act of 1935 puhca p.
Registered holding companies must file numerous routine. Public utility holding company act of 1935 trust school california state university, fullerton. The public utility holding company act of 1935 puhca was passed during the great. Granted gpu telecoms application for a determinationof. Filing under the public utility holding company act of. By most measures, the commissions most important public hearings during these early days examined the conduct and structure of public utility holding companies. The repeal of this depressionera law was part of a larger package of new regulations enacted under the energy policy act of 2005, signed into law by president george w.
Gordon despite at least two decades of severe prob lems, reform of. In the matter of application of entergy technology. 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 1935. 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. The public utility holding company act of 1935 puhca, also known as the wheelerrayburn. To provide for control and regulation of public utility holding companies, and s. A prospective look at the changing regulatory approach of the ferc pdf. The public utility holding company act of 1935 puhca was passed during the great depression in response to the failure of a number ofutility holding companies and subsequent investor losses. Significance of the public utility holding company act of.
Ferc issues final rules implementing the public utility. Be it enacted by the senate and house of representatives of the united states of america in congress assembled, that this. In relevant part, it repeals the public utility holding company act of 1935 puhca 1935 \2\ and enacts the public utility holding company act of 2005 puhca 2005,\3\ which, with one exception not relevant here, will become effective six months from the date of enactment. The public utility holding company act of 1935 defines specifically what a public utility holding company is. The public utility holding company act of 1935 puhca, also known as the wheelerrayburn act, was a us federal law giving the securities and exchange commission authority to regulate, license, and break up electric utility holding companies. Public utilities are privately owned and operated businesses whose services are essential to the general public. A farm bill, for instance, might contain provisions that affect the tax status of farmers, their management of land or treatment of the. Da application of allegheny communications connect. Repeal of the public utility holding company act of 1935 and. Apush new deal relief, recovery, reform flashcards quizlet.