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Simple English definitions for legal terms

Public Utility Holding Company Act

Read a random definition: in aequali jure

A quick definition of Public Utility Holding Company Act:

The Public Utility Holding Company Act is a law that was created in 1935 to protect people who invest in utility companies and the consumers who use their services. It was made to prevent a small number of holding companies from owning most of the utilities in the country, which could lead to economic disadvantages for investors and consumers. The law also helps to prevent deceptive advertising of securities.

A more thorough explanation:

The Public Utility Holding Company Act (PUHCA) is a federal law that was enacted in 1935 to protect investors and consumers from the economic disadvantages produced by the small number of holding companies that owned most of the nation's utilities. The Act also aimed to protect the public from deceptive security advertising.

For example, if a holding company owned most of the power plants in a state, it could charge high prices for electricity, leaving consumers with no other options. PUHCA was designed to prevent this kind of monopoly and ensure fair competition in the utility industry.

Overall, PUHCA was created to protect the public from unfair practices in the utility industry and promote fair competition.

public utility district | public wrong

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15:58
Moons with the truth. Yeah it matters, but try to not put a metaphorical gun to ur head saying "I must get a 170' bc are making it 100x harder by doing so.
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15:58
why is there no gif imbed
NosyBeagle
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yes yes you're very right my brain keeps thinking about da numbas
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its like, if ur goal is to be happy, you make a contract with urself to be angry, thus u will never obtain happiness, because you do not have it. does that make sense at all?
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and u will be angry for infinity bc u do not have happiness, since angry
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friendly reminder that arbitrary number systems, while maybe intended to be, are not representative of ur potential or ur value
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