§ 79h. — Acquiring interest in electric and gas companies serving same territory.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC79h]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2C--PUBLIC UTILITY HOLDING COMPANIES
Sec. 79h. Acquiring interest in electric and gas companies
serving same territory
Whenever a State law prohibits, or requires approval or
authorization of, the ownership or operation by a single company of the
utility assets of an electric utility company and a gas utility company
serving substantially the same territory, it shall be unlawful for a
registered holding company, or any subsidiary company thereof, by use of
the mails or any means or instrumentality of interstate commerce, or
otherwise--
(1) to take any step, without the express approval of the State
commission of such State, which results in its having a direct or
indirect interest in an electric utility company and a gas utility
company serving substantially the same territory; or
(2) if it already has any such interest, to acquire, without the
express approval of the State commission, any direct or indirect
interest in an electric utility company or gas utility company
serving substantially the same territory as that served by such
companies in which it already has an interest.
(Aug. 26, 1935, ch. 687, title I, Sec. 8, 49 Stat. 817; Pub. L. 100-181,
title IV, Sec. 401, Dec. 4, 1987, 101 Stat. 1259.)
Amendments
1987--Pub. L. 100-181 substituted ``otherwise--'' for ``otherwise,--
''.
