File talk:Hdoc137 from 1 to 12.pdf

This is a PDF of: Report of the National Power Policy Committee, House doc. no. 137. 74th Cong., 1st Sess. 1935

The National Power Policy Committee on Public Utility Holding Companies was created by President Roosevelt in 1934. Its job was to produce a summary of the 1928-35 Federal Trade Commission Investigation of U.S. electric companies.

The final report was used as a template for the 1935 Public Utilities Holding Company Act that ordered the breakup of the country's interstate electric holding companies. The Securities and Exchange Commission was put in charge of this breakup. The Act went through at least seven constitutional challenges by the industry. The law was upheld in all cases, with legal challenges taking nearly 20 years to complete. The Act itself was considered one of the largest political-legislative battles up to that date. The primary target of the legislation was the Electric Bond and Share Company, originally started by J.P. Morgan and General Electric in 1905.

The National Power Policy Committee members were:

Harold L. Ickes, Secretary of the Interior and chairman, Frank R. McNinch, Elwood Mead, T. W. Norcross, Morris L. Cooke, Robert E. Healey, David E. Lilienthal, and Edward M. Markham. Energynet (talk) 19:09, 9 March 2020 (UTC)