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HR 2363 106th Congress House Energy Administrative procedure Affiliated corporations Business records Commerce Consumer protection Department of Energy Electric utility rates Executive reorganization Finance and Financial Sector Gas companies Government Operations and Politics Government paperwork Holding companies Independent regulatory commissions Law Public utility rates Public utility regulation Securities and Exchange Commission Securities regulation

Public Utility Holding Company Act of 1999

Introduced: June 25, 1999 See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 1999
Subcommittee Hearings Held.
Jul 13, 1999
Referred to the Subcommittee on Energy and Power.
Jun 25, 1999
Referred to the House Committee on Commerce.
Jun 25, 1999
Sponsor introductory remarks on measure. (CR E1408-1409)
Jun 25, 1999
Introduced in House
 Plain-English summary Congressional Research Service
Public Utility Holding Company Act of 1999 - Repeals the Public Utility Holding Company Act of 1935.

Prescribes procedural guidelines for both Federal Energy Regulatory Commission (FERC) and State access to records of a holding company (including subsidiaries, associates and affiliates) of a public utility or natural gas company.

Precludes such State access to any person that is a holding company solely by reason of ownership of one or more qualifying facilities under the Public Utility Regulatory Policies Act.

Instructs FERC to promulgate a final rule to exempt specified holding companies from such access requirements. Requires FERC to exempt any person or transaction from such access requirements if it finds that regulation of such person or transaction is irrelevant to the jurisdictional rates of a public utility or natural gas company.

Retains the jurisdiction of FERC and State commissions to determine whether a public utility company or natural gas company may recover in rates any costs of affiliate transactions.

Declares this Act inapplicable to: (1) the United States; (2) a State or its political subdivision; and (3) a foreign governmental authority not operating in the United States.

Grants FERC certain Federal Power Act enforcement powers.

Transfers from the Securities and Exchange Commission to FERC all books and records that relate primarily to the functions vested in FERC by this Act.

Authorizes appropriations.

Amends the Federal Power Act to repeal its conflict of jurisdiction guidelines.

What's happening now July 22, 1999

Subcommittee Hearings Held.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Republican 3