Public Utility Holding Company Act of 1935

The Public Utility Holding Company Act of 1935 was a U.S. law aimed at regulating large utility companies to prevent monopolistic practices and protect consumers. It required these companies to be transparent about their operations and finances, limiting their ability to operate in multiple states without oversight. The act sought to ensure fair pricing and more efficient management of electric and gas services, ultimately promoting competition and safeguarding public interest in essential services. It also aimed to reduce the complexity of corporate structures in the utility industry, making them easier to understand and regulate.