The Public Utility Holding Company Act of 1935 (PUHCA), also known as the Wheeler-Rayburn 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 limited geographic area. Another purpose of PUHCA was to keep utility holding companies engaged in regulated businesses from engaging in unregulated businesses.
Read more about Public Utility Holding Company Act Of 1935: Context, The Act, Legacy
Famous quotes containing the words public, utility, holding, company and/or act:
“Now I am in the public house and lean upon the wall,
So come in rags or come in silk, in cloak or country shawl,
And come with learned lovers or with what men you may
For I can put the whole lot down, and all I have to say
Is fol de rol de rolly O.”
—William Butler Yeats (1865–1939)
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—Friedrich Nietzsche (1844–1900)
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—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
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—Ralph Waldo Emerson (1803–1882)
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—Tennessee Claflin (1846–1923)