Complex sentence: As part of the New Deal, the Public Utility Holding Company Act of 1935, required electric utility companies to sell off their businesses not actually providing electricity, so these streetcar systems suddenly became more readily available for takeover by NCL.
Split into simpler sentences: As part of the New Deal, federal legislation was passed ordering the electric utility companies to sell off their businesses not actually providing electricity. Under the Public Utility Holding Company Act of 1935, these streetcar systems suddenly became more readily available for takeover by NCL.