...the exemption detrimental to the public interest or the interest of investors or consumers, if — (1) such holding company, and every subsidiary company thereof which is a public-utility company from which such holding company derives, directly or indirectly, any material...

...(2). B92-257 0-13-2 sions of the Act and rules thereunder, except section 9 (a) (2) of the Act, if— (1) such holding company, and every subsidiary company thereof which is a public-utility company from which such holding company derives, directly or indirectly, any material...

...from all the provisions of the Act and rules thereunder, except Section 9 (a) (2) of the Act, If — "(1) such holding company, and every subsidiary company...any material part of Its income are predominantly Intrnstate In character and carry on their business substantially in a single State In which such holding...

...requested exemption under Section 3 (a) (1) on the ground that Eastern and its public utility subsidiaries are predominantly intrastate in character and carry on their business substantially in Massachusetts, the State in which Eastern and such subsidiaries are organized, and under Section 3...

...the exemption detrimental to the public Interest or the Interest of Investors or consumers, if — (1) such holding company, and every subsidiary company thereof which is a public-utility company from which such holding company derives, directly or indirectly, any material...

...Act and rules thereunder, except section 9 (a) (2) of the Act (sec. 9, 49 Stat. 817; 15 USC 79i), if: (1) such holding company, and every subsidiary company thereof which is a public-utility company from which such holding company derives, directly or indirectly, any material...

...the exemption detrimental to the public interest or the interest of investors or consumers, if — (1) such holding company, and every subsidiary company thereof which is a public-utility company from which such holding company derives, directly or indirectly, any material...

...MCAFEE. Well, I should think most people would so understand it. Mr. BOREX. As I read the clause — predominantly intrastate in character and carry on...business substantially In a single State in which said holding company and every such subsidiary company thereof are organized — and so forth. Now,...

...the Public Utility Holding Company Act, exemption granted, the Commission finding that the applicant and every subsidiary company thereof which is a public utility company from which applicant denies, directly or indirectly, any material part of its income are predominantly intrastate...

...with § 11 (b) (1). By the terms of § 3 (a) (1), if a holding company and all of its subsidiaries are predominantly intrastate in character and carry...single state in which such holding company and every subsidiary thereof are organized, the Commis686 Opinion of the Court. sion may grant an exemption from...