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The Public Utility Holding Company Act of 1935 will be laid to rest today when President Bush signs legislation eliminating 70-year-old restrictions on utility mergers and acquisitions. Leaving behind a utility industry ripe for acquisitions and sweeping consolidation, PUHCA was finally done in by the Energy Policy Act of 2005, a far-reaching piece of energy legislation of which PUHCA's repeal was a major component.
August 08, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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