Tuesday, June 28, 2005

 

Attacks on Muni Nets? Fuggedaboudit. Attacks on Muni Everything.

This Alternet article says Muni Power Companies are next.
A little-discussed section of the Bush energy bill will drive public utilities out of business, letting oil giants like Halliburton control your electricity.
One of the least-discussed provisions in the Bush energy bill that has passed the House and is now fast-tracked in the Senate is PUHCA repeal. "Pooka repeal," you say, "what's that?"

The Public Utilities Holding Company Act (PUHCA) is a cornerstone New Deal financial reform signed into law in 1935 . . . Both the House and Senate versions of the energy bill now contain the PUHCA repeal provision . . . Supporters of PUHCA point out that for 50 years, we have had reliable, cheap electric power that has allowed strong economic growth, and that no PUHCA-regulated energy holding company has ever gone bankrupt.
One to watch.

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