IPP's and the Public Utility Holding Company Act: Hearing Before the Subcommittee on Energy and Power of the Committee on Energy and Commerce, House of Representatives, One Hundredth Congress, Second Session, September 14, 1988, Volumen4U.S. Government Printing Office, 1989 - 296 páginas |
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Términos y frases comunes
abuses acquisition anticompetitive believe captive customers cogeneration Commission's Congress construction consumers corporate structure cost cross subsidies definition diversification economic Edison Electric Institute EEI proposal EEI's electric energy electric power electric utility company electric utility industry entities exempt holding companies exemption from PUHCA Federal Energy Regulatory Federal Power Act FERC proposal FERC's franchised utilities Holding Company Act holding company system independent power producers intrastate investment investors IPP development IPP's issues limited megawatts monopoly NIEP non-utility NOPRS North American Co operations ownership participation percent potential power supply pre-acquisition review problem PSE&G public interest Public Utility Holding PUHCA reform PUHCA regulation PURPA qualifying facilities ratepayers registered companies registered holding companies requirements restructuring retail risk SEC's section 2(a securities Sierra Pacific Resources significant market power SMYTHE Subcommittee transactions transmission facilities true independents utility affiliates Utility Holding Company utility subsidiaries utility's wholesale
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Página 17 - States, or in a contiguous foreign country; and (C) The continued combination of such systems under the control of such holding company is not so large (considering the state of the art and the area or region affected) as to impair the advantages of localized management, efficient operation, or the effectiveness of regulation.
Página 41 - ... (2) To require by order, after notice and opportunity for hearing, that each registered holding company, and each subsidiary company thereof, shall take such steps as the Commission shall find necessary to ensure that the corporate structure or continued existence of any company in the holding company system does not unduly or unnecessarily complicate the structure, or unfairly or inequitably distribute voting power among security holders, of such holding-company system.
Página 59 - ... (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 part of its income, are predominantly intrastate in character and carry on their business substantially in a single State...
Página 171 - CONSUMER FEDERATION OF AMERICA Mr. Chairman and Members of the Committee, My name Is Dr. Mark N. Cooper. I am Director of Research of the Consumer Federation of America (CFA) . Founded In 1968, CFA Is the nation's largest consumer advocacy group.
Página 40 - ... such other businesses as are reasonably incidental, or economically necessary or appropriate to the operations of such integrated public-utility system...
Página 17 - Integrated public-utility system" means— (A) As applied to electric utility companies, a system consisting of one or more units of generating plants and/or transmission lines and/or distributing facilities, whose utility assets, whether owned by one or more electric utility companies, are physically interconnected or capable of physical interconnection and which under normal conditions may be economically operated as a single interconnected and coordinated system confined in its operations to a...
Página 196 - ... (4) when the growth and extension of holding companies bears no relation to economy of management and operation or the integration and coordination of related operating properties; or (5) when in any other respect there is lack of economy of management and operation of public-utility companies or lack of efficiency and adequacy of service rendered by such companies, or lack of effective public regulation, or lack of economies in the raising of capital.
Página 81 - ... (c) When abuses of the character above enumerated become persistent and wide-spread the holding company becomes an agency which, unless regulated, is injurious to investors, consumers, and the general public; and it is hereby declared to be the policy of this title, in accordance with which policy all the provisions of this title shall be interpreted, to meet the problems and eliminate the evils as enumerated in this section...
Página 46 - Electric utility company" means any company which owns or operates facilities used for the generation, transmission, or distribution of electric energy for sale, other than sale to tenants or employees of the company operating such facilities for their own use and not for resale. The Commission, upon application, shall by order declare a company operating any such facilities not to be an electric utility company...
Página 34 - Commission finds that — (1) the security is not reasonably adapted to the security structure of the declarant and other companies in the same holdingcompany system ; (2) the security is not reasonably adapted to the earning power...