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Article: CONSOLIDATED NATURAL GAS COMPANY PROPOSES MORE FLEXIBILITY IN REGULATION OF UTILITY HOLDING COMPANIES
- Article from:
- PR Newswire
- Article date:
- July 18, 1994
CopyrightCOPYRIGHT 1994 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, July 18 /PRNewswire/ -- The federal Public Utility Holding Company Act should continue to play a role in regulating the natural gas and electric industries, but the 59-year-old law needs to be updated to meet the demands of the new, more competitive energy marketplace, Consolidated Natural Gas Company (NYSE: CNG) Chairman George A. Davidson, Jr., told the Securities and Exchange Commission today.
Participating in a two-day roundtable called by the SEC to hear from industry and regulatory leaders and others on the Act, Mr. Davidson said that a broader, more modern approach to business diversification and a streamlined regulatory approval process are necessary if ...