Page:United States Statutes at Large Volume 49 Part 1.djvu/872

 74TH CONGRESS. SESS. I. CH. 687. AUGUST 26, 1935 . 827 (e) It shall be unlawful for any affiliate of any public-utility com- isa rfo e'ance by a1- pany e ngaged in in tersta te com merce, or of any r egiste red ho lding trav ention of rul es, company or subsidiary company thereof, by use of the mails or any et o., of commission. means or ins trumen tality of in tersta te com merce, or ot herwis e, to enter into or take any step in the performance of any service, sales, or construction contract, by which such affiliate undertakes to per- form services or construction work for, or sell goods to, any such company of which it is an affiliate, in contravention of such rules and regulations or orders regarding reports, accounts, costs, main- tenance of compe titive c ondition s, discl osure of intere st, dura tion of contra cts, a nd sim ilar m atters, as t he Com missio n deem s nece ssary or appropriate to prevent the circumvention of the provisions of this title or the rules, regulations, or orders thereunder. Performanc e by per. (f) It shall be unlawful for any person whose principal business sons of service in con- is the performance of service, sales, or construction contracts for travention of rules, etc., public-utility or holding companies, by use of the mails or any means of Commission. or instrumentality of interstate commerce, to enter into or take any step in the performance of any service, sales, or construction contract with any public-utility company, or for any such person, by use of the ma ils or any m eans o r inst rument ality of int erstat e comm erce, or otherwise, to enter into or take any step in the performance of any service, sales, or construction contract with any public-utility company engaged in interstate commerce, or with any registered holdin g comp any or any s ubsidi ary co mpany of a r egiste red ho lding compan y, in contra ventio n of s uch ru les an d regu lation s or o rders regarding reports, accounts, costs, maintenance of competitive con- ditions, disclosure of interest, duration of contracts, and similar matters as the Commission deems necessary or appropriate in the public interest or for the protection of investors or consumers or to prevent the circumvention of the provisions of this title or the rules, regulations, or orders thereunder. (g) The Commission, in order to obtain information to serve as Investigations re- gard ing service, sal es, a basis for recommending further legislation, shall from time to and construction con - time conduct investigations regarding the making, performance, and tracts. costs of service, sales, and construction contracts with holding com- panies and subsidiary companies thereof and with public-utility com- panies, the economies resulting therefrom, and the desirability thereof. The Commission shall report to Congress, from time to Reports to Congress. time, the results of such investigations, together with such recom- mendations for legislation as it deems advisable. On the basis of ,. Classification of con- such investigations the Commission shall classify the different types of such contracts and the work done thereunder, and shall make recommendations from time to ti me regarding the standards and Recommendations. scope of such contracts in relation to public-utility companies of dif- ferent kinds and sizes and the costs incurred thereunder and econo- mies resulting therefrom. Such recommendations shall be made available to State commissions, public-utility companies, and to the public in such form and at such reasonable charge as the Commis- sion may prescribe. PERIODIC AND OTHER REPORTS SEC. 14. Every registered holdin company and ev ery mutual servic e comp any sh all fi le wit h the Commis sion s uch an nual, quar- terly, and other periodic and special reports, the answers to such specific questions and the minutes of such directors', stockholders', and other meetings, as the Commission may by rules and regulations or order prescribe as necessary or appropriate in the public interest or for the protection of investors or consumers. Such reports, if Per iod ic and oth er reports. Requirement ; rules and regula tions. Certification.