[20010524]RS20922_联邦机构参与审查电力公司的合并和收购.pdf

1 15 U.S.C. 18.2 15 U.S.C. 18a.Congressional Research Service ? The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20922May 24, 2001Federal Agency Involvement in ReviewingMergers and Acquisitions of Electric UtilitiesMichael V. SeitzingerLegislative AttorneyAmerican Law DivisionSummaryAt least five federal agencies, excluding the Internal Revenue Commission, mayhave some authority in the approval process of proposed mergers or acquisitions ofelectric utilities. These agencies are the Department of Justice, the Federal TradeCommission, the Nuclear Regulatory Commission, the Securities and ExchangeCommission, and the Federal Energy Regulatory Commission. Although all of theagencies may have an important role, the Federal Energy Regulatory Commission likelyhas the most extensive review authority of these agencies. Federal statutes set out thereview authority which the agencies may exercise.This report briefly examines federal statutes which set out the authority which variousfederal agencies may have in a proposed merger or acquisition of electric utilities. Thestatutes examined in this report apply to the following federal agencies: the Departmento