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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (35420)6/26/2003 2:37:33 AM
From: TobagoJack  Read Replies (1) of 74559
 
Hi EP, From thehill.com:

MidAmerican Energy, a Midwestern utility holding company owned by Warren Buffett's Berkshire Hathaway group, has signed Baker Donelson Bearman Caldwell & Berkowitz to lobby for investment reforms and a production tax credit for wind power.

MidAmerican is perhaps the strongest advocate for repeal of the Public Utility Holding Company Act (PUHCA), a Depression-era law that limits the geographic scope a utility can serve. Buffett has said PUHCA has kept him from investing billions to improve the country's network of transmission lines, which could cut the costs consumers pay for power.

Both the Senate bill being debated and the House measure already passed would repeal PUHCA. Senate Democrats, however, want a coincident strengthening of the Federal Energy Regulatory Commission's ability to review mergers.
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