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U.S. Department of Energy
Office of Scientific and Technical Information

Public Utility Holding Company Act amendments

Book ·
OSTI ID:7060741

Four bills considered during hearings to review the Public Utility Holding Company Act of 1935 challenged the statute's intrusive presence on the part of the Securities Exchange Commission (SEC) and its relationship to the financial distress experienced by the utility industry. Three of the bills (S. 1869, S. 1870, and S. 1871) amend administrative procedures and simplify or remove restrictions. S. 1977 repeals the Act altogether. At issue were questions of utility diversification and the flight of investors due to a deteriorating financial performance. The hearing record contains the text of each bill, the testimony of 23 witnesses and four panels speaking for the utilities, the SEC, investors, small businesses, and consumers. Additional material submitted for the record follows their testimony.

OSTI ID:
7060741
Country of Publication:
United States
Language:
English