The US Energy Bill appears to be stalled indefinitely. And one of the mainsticking points is proving to be the possible repeal of the Public Utility HoldingCompany Act (Puhca – see box), which effectively limits US utility mergers.But whereas some believe that the act, passed in 1935, is antiquated and unnecessarilydeters investment from the energy sector, others – notably consumer protectiongroups – believe that the act is vital for maintaining consumer and shareholderprotection.
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