What is the purpose of the Public Utility Holding Company Act of 1935?

The Public Utility Holding Company Act of 1935 was created to regulate the electric and gas utility industry in the United States. This act was passed to protect consumers from the unfair practices of unregulated utility holding companies. The act was passed in an effort to ensure that customers receive safe and reliable energy services while getting the best possible rates. This act also had an important anti-trust purpose, which prohibited utility holding companies from using their size or market power to unfairly advantage themselves over customers. The Public Utility Holding Company Act of 1935 also required any company providing electric and gas services to the public to be registered with the federal government. This gave the government the ability to keep an eye on the industry and to regulate prices and services in order to protect consumers from exploitation. In Utah, the Public Utility Holding Company Act of 1935 is enforced by the Utah Public Service Commission. They have the authority to ensure that customers are not being overcharged or taken advantage of, that customers are receiving quality services, and that unfair competition does not occur in the utility markets. Overall, the main purpose of the Public Utility Holding Company Act of 1935 is to protect consumers from unfair and unethical practices of utility holding companies, to ensure that customers are receiving quality services, and to promote fair competition among the utility markets.

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What is the purpose of the Public Utility Holding Company Act of 1935?

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