Page:United States Statutes at Large Volume 99 Part 2.djvu/70

 99 STAT. 1180

PUBLIC LAW 99-186—DEC. 18, 1985

Public Law 99-186 99th Congress An Act Dec. 18, 1985 [S. 727] Securities. 15 USC 79k note. 15 USC 79k.

16 USC 2601 note. 16 USC 824a-3.

To clarify the application of the Public Utility Holding eompany Act of 1935 to encourage cogeneration activities by gas utility holding company systems.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, notwithstanding section ll(b)(l) of the Public UtiHty Holding Company Act of 1935, a company registered under said Act solely by reason of direct or indirect ownership of voting securities of one or more gas utility companies, or any subsidiary company of such registered company, may acquire or retain, in any geographic area, any interest in any qualifying cogeneration facilities as defined pursuant to the Public Utility Regulatory Policies Act of 1978, and shall qualify for any exemption relating to the Public Utility Holding Company Act prescribed pursuant to section 210(e) of the Public Utility Regulatory Policies Act. Nothing herein shall be construed to affect the applicability of provisions of the Public Utility Holding Company Act, other than section 110t)Xl), to the acquisition or retention of any such interest by any such company. Approved December 18, 1985.

LEGISLATIVE HISTORY—S. 727: CONGRESSIONAL RECORD, Vol. 131 (1985): Nov. 14, considered and passed Senate. Dec. 6, considered and passed House.

�