Dollars and Jens
Wednesday, November 19, 2003
I didn't realize this; the new energy bill is set to repeal PUHCA.
The [Public Utilities Holding Company] Act prohibited utilities from mixing non-utility operations and power generation to prevent them using revenue from their protected markets to subsidize other ventures. It also limited how much debt a utility could accumulate.
The accent is on the first syllable, long 'u', ending schwa, PYOOku.

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