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The Public Utilities Holding Company Act refuses to die. In contrast to prior bills, the current energy measure drafted by the Senate Committee on Energy and Natural Resources doesn't include repeal of the 70-year-old law, which restricts mergers and acquisitions in the power-utility sector. Industry sources say Republican committee members refused to agree that repeal of PUHCA should be coupled with a Democratic attempt to secure more federal oversight of utility mergers by the FERC.
May 16, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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