Market power, affiliate transactions, and state regulation of public utility holding companies: Remembering the past, looking to the future
In examining the workings of the Public Utility Holding Company Act (PUHCA) and considering its possible repeal, it is best to go back to the original purposes of PUHCA and analyze whether those purposes are still relevant and, if so, whether the 1935 Act accomplished its goal. Indeed, one might ask, {open_quotes}Are the abuses which gave rise to PUHCA back in the 1930`s now eradicated such that outright repeal is warranted?{close_quotes} One is reminded of that old quote from Santayana, {open_quotes}Those who cannot remember the past are condemned to repeat it.{close_quotes} There is not a more appropriate time to heed that saying than now. To lay the foundation, we need to step back in time and place ourselves in the shoes of the policy makers at the time that PUHCA was debated.
- OSTI ID:
- 381173
- Journal Information:
- NRRI Quarterly Bulletin, Vol. 17, Issue 1; Other Information: PBD: Spr 1996
- Country of Publication:
- United States
- Language:
- English
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