Repeal repercussions

Awards 2004

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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