Apr. 29, 2002: Senate Energy Bill Repeals PUHCA
The act provides protection for contractors because it has helped stop utility holding companies from cross-subsidizing other businesses, such as hvacr service. Contractor associations have emphasized the need for the modernization of PUHCA, or for replacement legislation addressing fair competition, rather than its outright repeal.
Since the House energy bill does not include PUHCA repeal, the two branches will have to work out their differences in crafting the final energy legislation.
Publication date: 04/29/2002