Public utility holding companies

In 1928, the Senate asked the Federal Trade Commission (FTC) to conduct an investigation of the public utility holding companies. The FTC produced a comprehensive and massive report in 1934 and 1935, which ultimately comprised 96 volumes. The report showed that over half the gas produced and more than three-fourths of the interstate gas pipeline mileage in America was controlled by 11 vertically integrated holding companies. The FTC called the abuses of the unregulated, integrated gas pipeline companies a positive evil . ... 

Stat. 803 (1935). The Act was only repealed in 2005 by the Energy Policy Act (EPACT) of 2005 (Section 1263), which replaced it with the Public Utility Holding Company Act of 2005, which provides for federal access to books and records of holding companies and their affiliates. 

Restructuring - The process of changing the structure of the electric power industry from one of guaranteed monopoly over service territories, as established by the Public Utility Holding Company Act of 1935, to one of open competition between power suppliers for customers in any area. 

The power station was the joint property of the Pennsylvania Electric Company, the Jersey Central Power Light Company and the Metropolitan Edison Company. The three companies were part of a holding , the General Public Utilities Corporation... 

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