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. Significance of the public utility holding company act of 1935 upon texas companies. Repeal of the public utility holding company act of 1935 and. It limited holding company operations to a single state, thus subjecting them to effective state regulation. Public utility holding company act of 1935 trust indenture. The public utility holding company act of 1935 defines specifically what a public utility holding company is. Telecommunications company status under section 34 of the public utility holding company act of 1935. Repeal of the public utility holding company act of 1935 and enactment of the. Referred to the committee on interstate and foreign commerce and ordered to be printed this file has been linked to w.
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 repeal of 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. Filing under the public utility holding company act of. Final rule page 75592 department of energy federal energy regulatory commission 18 cfr parts 365 and 366. Repeal of the public utility holding company act of 1935. 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. 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. Direct testimony and exhibits jeff berzina before the.
On that same date, repeal of the public utility holding company act of 1935 puhca 1935 also took effect. The public utility holding company act of 1935 by e. Public utility holding company act of 1935 as amended. Repeal of the public utility holding company act of 1935 and enactment of the public utility holding company act of 2005. The reports must be filed by directors or officers of an issuer with a class of equity securities registered pursuant to section 12 of. New public utility holding company act december 16, 2005 by michael s. Full text of legislation to amend the public utility holding company act of 1935.
Some recent events have raised concerns about secs administration of the act. The broad authority of the securities and exchange commission under puhca 1935 to regulate public utility holding companies is replaced. The public need for such factfinding studies in this increasingly complex economic era grows greater, irrespective of different economic and political philosophies. In the matter of application of entergy technology. 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. Statutes at large of the united states of america from january 1935 to june 1936, 1936.
Public utility holding company act of 1935 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. Public utility holding company act of 1935 wikipedia. Public utility holding company act of 1935etc federal. Kodi archive and support file vintage software community software apk msdos cdrom software cdrom software library.
Federal energy regulatory commission 888 first street, n. Filings under the public utility holding company act of 1935, as amended act. Significance of the public utility holding company act of. Be it enacted by the senate and house of representatives of the united states of america in congress assembled, that this. Registered holding companies must file numerous routine. 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. Gordon despite at least two decades of severe prob lems, reform of. A prospective look at the changing regulatory approach of the ferc pdf. To provide for control and regulation of public utility holding companies, and for other purposes. Use the pdf linked in the document sidebar for the official electronic format. Public utilities are privately owned and operated businesses whose services are essential to the general public. By most measures, the commissions most important public hearings during these early days examined the conduct and structure of public utility holding companies. The public utility holding company act of 1935 was the result of what many american historians call the fiercest congressional battle in history. Public utility holding company act of 1935 trust school california state university, fullerton.
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. 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. 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. On february 8, 2006, the repeal of the public utility holding company act of 1935 puhca went into effect. The public utility holding company act of 1935 puhca p. The public utility holding company act of 1935 puhca was passed during the great.
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. Federal energy regulatory commission 18 cfr parts 365 and 366 docket no. Paul white, author of drawing straight with crooked lines. The public utility holding company act of 1935 puhca, also known as the wheelerrayburn. Congress declared in puhca its policy to eliminate the evils of interstate public utility holding companies, to. 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.
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. This document has been published in the federal register. Public utility holding company act of 1935 trust indenture act of 1939. Ostrander t he public utility act of i935 is in effect two separate acts. Ferc issues final rules implementing the public utility. To provide for control and regulation of public utility holding companies, and s. 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. A farm bill, for instance, might contain provisions that affect the tax status of farmers, their management of land or treatment of the. Apush new deal relief, recovery, reform flashcards quizlet. Full text of legislation to amend the public utility. The public utility holding company act of 1935 puhca 1935 was repealed in the energy policy act of 2005. Filings under the public utility holding company act of.