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Burried deep in the energy bill that Congress passed last week is the repeal of the seventy-year-old Public Utility Holding Company Act. Stephen Raher reports on what this repeal might mean for consumers.
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Piece Description
Burried deep in the energy bill that Congress passed last week is the repeal of the seventy-year-old Public Utility Holding Company Act. Stephen Raher reports on what this repeal might mean for consumers.
Broadcast History
July 30, 2005
Transcript
*** PUHCA REPEAL ***
ERIC WHITNEY: The energy bill that Congress passed yesterday weighed in at over seventeen hundred pages, covering everything from nuclear power to energy efficient appliances in public housing projects. One part of the bill that didn’t attract much attention nonetheless could have big impacts. It’s the repeal of the Public Utility Holding Company Act, a law originally passed in 1935. Stephen Raher has this report on what the repeal means for utility customers.
STEPHEN RAHERR: The Public Utility Holding Company Act, or PUHCA, has been around for seventy years. That is, until it was quietly repealed last week. Consumer advocates are opposing the repeal, saying that customers will be hurt by the mergers and consolidations that are sure to follow.
LYNN HARGIS: You know Enron, I’m afraid, is going to look like an hors d’ourve.
RAHER: Lynn Hargis is an att...
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