I 
107TH CONGRESS 
1ST SESSION H. R. 1101 
To repeal the Public Utility Holding Company Act of 1935, to enact the 
Public Utility Holding Company Act of 1999, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 20, 2001 
Mr. PICKERING (for himself, Mr. TOWNS, Mr. TAUZIN, Mr. STEARNS, Mr. 
SESSIONS, Mr. WICKER, Mr. GRAHAM, Mr. MURTHA, Mr. BARTLETT of 
Maryland, Mr. SCARBOROUGH, Mr. BOYD, Mr. TERRY, Mr. THORN-
BERRY, Mr. MCCRERY, Mr. PETERSON of Pennsylvania, Mr. NORWOOD, 
and Mr. YOUNG of Alaska) introduced the following bill; which was re-
ferred to the Committee on Energy and Commerce 
A BILL 
To repeal the Public Utility Holding Company Act of 1935, 
to enact the Public Utility Holding Company Act of 
1999, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Public Utility Holding 
Company Act of 2001’’. 
SEC. 2. FINDINGS AND PURPOSES. 
(a) FINDINGS.—The Congress finds that— 
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(1) the Public Utility Holding Company Act of 
1935 was intended to facilitate the work of Federal 
and State regulators by placing certain constraints 
on the activities of holding company systems; 
(2) developments since 1935, including changes 
in other regulation and in the electric and gas indus-
tries, have called into question the continued rel-
evance of the model of regulation established by that 
Act; 
(3) there is a continuing need for limited Fed-
eral and State regulation in order to ensure the rate 
protection of utility customers; and 
(4) limited Federal regulation is necessary to 
supplement the work of State commissions for the 
continued rate protection of electric and gas utility 
customers. 
(b) PURPOSES.—The purposes of this Act are— 
(1) to eliminate unnecessary regulation, yet 
continue to provide for consumer protection by facili-
tating existing rate regulatory authority through im-
proved Federal and State commission access to 
books and records of all companies in a holding com-
pany system, to the extent that such information is 
relevant to rates paid by utility customers, while af-
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fording companies the flexibility required to compete 
in the energy markets; and 
(2) to address protection of electric and gas 
utility customers by providing for Federal and State 
access to books and records of all companies in a 
holding company system that are relevant to utility 
rates. 
SEC. 3. DEFINITIONS. 
For purposes of this Act: 
(1) The term ‘‘affiliate’’ of a company means 
any company 5 percent or more of the outstanding 
voting securities of which are owned, controlled, or 
held with power to vote, directly or indirectly, by 
such company. 
(2) The term ‘‘associate company’’ of a com-
pany means any company in the same holding com-
pany system with such company. 
(3) the term ‘‘Commission’’ means the Federal 
Energy Regulatory Commission. 
(4) The term ‘‘company’’ means a corporation, 
partnership, association, joint stock company, busi-
ness trust, or any organized group of persons, 
whether incorporated or not, or a receiver, trustee, 
or other liquidating agent of any of the foregoing. 
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