legislation: 103-s-635

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
103-s-635 103 s 635 Multistate Utility Company Consumer Protection Act of 1993 Energy 1993-03-23 1993-03-23 Read twice and referred to the Committee on Banking. Senate Sen. Riegle, Donald W., Jr. [D-MI] MI D R000249 0 Multistate Utility Company Consumer Protection Act of 1993 - Amends the Federal Power Act to transfer from the Securities and Exchange Commission (SEC) to the Federal Energy Regulatory Commission (FERC), for purposes of determining a just and reasonable rate for consumers, the power to review and disallow the costs associated with transactions of a public utility holding company with an affiliated company. Transfers to FERC all functions of the SEC under the Public Utility Holding Company Act of 1935 (PUHCA). Amends the PUHCA to require that contracts with associates, entered into by holding company subsidiaries or mutual service companies, be performed for the benefit of such associate companies at a price not to exceed cost (currently, at cost). Conditions FERC approval of a mutual service company upon finding that it is organized to reasonably insure performance of contracts for member companies at such a price. (Thus allowing prices below cost.) 2025-08-26T13:51:24Z  

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