TeachMeFinance.com - explain Public Utility Holding Company Act of 1935 (PUHCA)
Public Utility Holding Company Act of 1935 (PUHCA) --
This act prohibits acquisition of any wholesale or retail electric business through a holding company unless that business forms part of an integrated public utility system when combined with the utility's other electric business. The legislation also restricts ownership of an electric business by non-utility corporations.
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