Until it is known how states and FERC are “going to play in the sandbox together” in a post-Public Utility Holding Company Act of 1935 (PUHCA) world, there are likely to be at least some potential merger candidates that will remain on the sidelines, a top official with Lehman Brothers said last Wednesday. Under the Energy Policy Act of 2005 (EPAct), PUHCA will be officially repealed in February 2006.
1935
Articles from 1935
NGI The Weekly Gas Market Report
MidAmerican CEO: PUHCA Repeal Must Not Be Used to Continue Utility/Regulator Friction
The removal of investment restrictions when the Public Utility Holding Company Act of 1935 (PUHCA) is officially repealed in February must not “become a new impetus or justification for continuing the era of adversarial relationships between the utility sector and state or federal regulators,” David Sokol, chairman of MidAmerican Energy Holdings Co., said last Tuesday. “It absolutely is past time for all of us to work together to meet tomorrow’s challenges in this sector.”
October 31, 2005
NGI The Weekly Gas Market Report
FERC Issues Proposed Rules to Implement PUHCA Repeal
FERC last week proposed rules to implement the repeal of the Public Utility Holding Company Act of 1935 (PUHCA) and to enact the new Public Utility Holding Company Act of 2005 (PUHCA 2005) [RM05-32-000]. The PUHCA repeal notice of proposed rulemaking (NOPR) marks the third major action FERC has taken to implement the Energy Policy Act of 2005 enacted this summer.
September 19, 2005
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