Tuesday, August 09, 2005

 

Bush energy bill: "Bye-bye municipal utilities"

As I warned in June (see Attacks on Muni Nets? Fuggedaboudit. Attacks on Muni Everything), the Energy Bill has repealed the Public Utilities Holding Company Act, PUHCA. The net-net is that now, if a municipal utility is in the face of a private entity with means, the private entity can buy it.

More surely than Brand X, more surely than the Martin FCC, More surely than The Ensign BICCA Bill and The Pete Sessions SBC Bill, the repeal of PUHCA will discourage, prevent and destroy municipal networks.

Story here, a nice analysis by Jamais Cascio here. Thanks, Rahul!

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Comments:
Ironically, the GAO just released

Public Utility Holding Company Act: Opportunities Exist to Strengthen SEC's Administration of the Act. GAO-05-617, July 8. http://www.gao.gov/cgi-bin/getrpt?GAO-05-617
Highlights - http://www.gao.gov/highlights/d05617high.pdf
 
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