[20020206]RS20952_公用事业控股公司法：主要法律规定和可能的改革努力.pdf

1 15 U.S.C. 79 et seq.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20952Updated February 6, 2002Public Utility Holding Company Act: Major Statutory Provisions and Possible Reform EffortsMichael V. SeitzingerLegislative AttorneyAmerican Law DivisionSummaryThe Public Utility Holding Company Act of 1935 regulates holding companieswhich have subsidiaries that are electric utility companies or that are engaged in the retaildistribution of natural gas or manufactured gas. Under PUHCA all holding companieswhich have subsidiaries that are engaged in the electric utility business or in the retaildistribution of natural or manufactured gas must register with the Securities andExchange Commission if they engage in interstate commerce. Several kinds of holdingcompanies are exempt under the Act from the registration and regulation requirements.Holding companies required to register with the Securities and Exchange Commissionmust disclose information concerning the companys operations and a description of itsmanagement structure. The Act also places substantive requirements upon theoperations of a covered holding company. H