Ratepayer Protection Act of 1985: Hearing Before the Subcommittee on Water and Power of the Committee on Energy and Natural Resources, United States Senate, Ninety-ninth Congress, Second Session, on S. 1149 ... July 23, 1986 |
Common terms and phrases
agreement allocation allowed amendments American Electric Power AP&L approved Arkansas Power Arkansas Public Service authority bill billion Chairman COGENERATOR Commerce Clause Commission's Congress consumers customers disallowed DOZIER economic efficient electric energy electric rates electric utility Energy Regulatory Commission England Power Co excess capacity facilities Federal Energy Regulatory Federal Power Act FERC FERC's financing forecast Grand Gulf imprudent incentives interstate commerce investment investors issue jurisdiction Kentucky Power legislation Middle South Energy Middle South system Middle South Utilities Mississippi Nantahala Narragansett doctrine nuclear plants operating companies percent Pike County plant construction Power & Light power plant power pooling prudence Public Service Commission public utility commissions public utility holding purchase rate base ratemaking Ratepayer Protection Act reasonable retail rates retroactive risk Rockport Senator BUMPERS Senator PRYOR shareholders subsidiaries Supreme Court tion transmission U.S. Supreme Court utility holding companies utility's wholesale rate
Popular passages
Page 284 - Congress, it is hereby declared that the business of transporting and selling natural gas for ultimate distribution to the public is affected with a public interest, and that Federal regulation in matters relating to the transportation of natural gas and the sale thereof in interstate and foreign commerce is necessary in the public interest.
Page 285 - In short, our decisions have squarely rejected the view of the Court of Appeals that the scope of FPC jurisdiction over interstate sales of gas or electricity at wholesale is to be determined by a case-by-case analysis of the impact of state regulation upon the national interest.
Page 157 - [confer] upon the States an ability to restrict the flow of interstate commerce that they would not otherwise enjoy.
Page 363 - Is a holding company registered under the Public Utility Holding Company Act of 1935 and neither owns nor operates any physical properties. MSU owns all of the outstanding common stock of four operating electric utility subsidiaries, Arkansas Power & Light Company...
Page 150 - Part next following and of that part of such business which consists of the transmission of electric energy in interstate commerce and the sale of such energy at wholesale in interstate commerce is necessary in the public interest, such Federal regulation, however, to extend only to those matters which are not subject to regulation by the States.
Page 158 - The power of Congress over commerce exercised entirely without reference to coordinated action of the State is not restricted, except as the Constitution expressly provides by any limitation which forbids it to discriminate against interstate commerce and In favor of local trade.
Page 126 - The regulating commission, my friends, must be a tribune of the people, putting its engineering, its accounting, and its legal resources into the breach for the purpose of getting the facts and doing justice to both the consumers and investors in public utilities. This means, when that duty is properly exercised, positive and active protection of the people against private greed.
Page 158 - The court there said: . . .Where state or local government action is specifically authorized by Congress, it is not subject to. the Commerce Clause even if it interferes with interstate commerce.
Page 31 - ... way open, confine it broadly or closely, or close it entirely, subject only to the restrictions placed upon its authority by other constitutional provisions and the requirement that it shall not invade the domains of action reserved exclusively for the States. This broad authority Congress may exercise alone, subject to those limitations, or in conjunction with coordinated action by the States, in which case limitations imposed...
Page 157 - Congress has undoubted power to redefine the distribution of power over interstate commerce. It may either permit the states to regulate the commerce in a manner which would otherwise not be permissible ... or exclude state regulation even of matters of peculiarly local concern which nevertheless affect interstate commerce.