Public Utility Holding Company Act of 1935
- Public Utility Holding Company Act of 1935
(PUHCA)
PUHCA was enacted by the U.S. Congress to regulate the large interstate holding companies that monopolized the electric utility industry during the early 20th century.
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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.
U.S. Dept. of Energy, Energy Information Administration's Energy Glossary
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A law to protect consumers and investors. It placed geographic restrictions on mergers and limitations on diversification into non-utility lines of business and takeovers of electric and gas utilities, and also established regulated monopoly markets or service territories for utilities.
Energy terms .
2014.
Look at other dictionaries:
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