Repeal
Of The Public Utility Holding Company Act: What’s
Next?
One of the most significant aspects of the energy legislation
enacted last year by the U.S. Congress was the repeal
of the 70-year-old Public Utility Holding Company Act
of 1935 (PUHCA). Although PUHCA was originally intended
to protect consumers from abuses dating back to Depression-era
conduct, over time many in the electric utility industry
concluded that it impeded investments by certain classes
of investors and failed to reflect the market structure
modern electric utility industry. In PUHCA’s place,
Congress set forth a new set of rules. Among other things,
it gave states new responsibility to possibly craft
their own rules to govern large, multi-state utility
holding companies.
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Our
Strengths and Core Capabilities
| On behalf of our clients, the Gee
Strategies Group will: |
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Evaluate proposed business
investments in light of applicable laws, regulations
and regulatory policies |
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Provide expert testimony
and consultation for regulatory proceedings necessary
to carry out projects |
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Advocate proposed projects
to appropriate government officials, and agencies,
both domestically and abroad |
| · |
Assist in developing
strategies to introduce and implement new technologies
into energy, utility, and infrastructure enterprises |
| · |
Build relationships
with energy officials to facilitate project development
and minimize political risk. |
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