WASHINGTON (MarketWatch) - A group of House and Senate lawmakers are slated to vote Thursday on a plan to repeal the Public Utility Holding Company Act, a Depression-era law aimed at restricting industry mergers and protecting consumers from monopolistic utilities.
Industry groups have been pushing Congress for years to eliminate the 1935 law, which they argue is hampering much-needed investment in the electricity sector.
Federal energy regulators have said they expect repeal of the law to increase merger activity in the utility sector.
The proposal, part of a broad compromise a group of House and Senate policy makers are trying to iron out on energy policy this week, would open up new opportunities for the utility industry, but also add a new layer of scrutiny over merger proposals.
Lawmakers would hand over authority to the Federal Energy Regulatory Commission to approve electric and gas utilities mergers, and scrutinize utility companies' books and the records of their affiliate companies. State regulators would also have access to these records.
the could steal with the rolling blackouts and said "this is good, our buds in the wh have our backs and we can pay off any repuke with an iota of a conscience" I hope everyone is getting their solar panels and wind generators ready because we aren't going to be able to afford the prices. I hate chimpy :grr:
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
