Gas Related Activities Act of 1990

Gas Related Activities Act of 1990 - Declares that the acquisition or retention by a registered public utility holding company of any interest in a natural gas company (or a company engaged in specified natural gas-related activities) shall be deemed to be reasonably incidental and economically necessary, for purposes of the Public Utility Holding Company Act, to the operation of the gas utility companies whose voting securities the holding company owns. (This makes any gas-related activities functionally related to the gas distribution business, thus meeting the requirements of such Act, regardless of whether the local distribution company involved is affiliated or unaffiliated with the holding company.)

 
HR 5224 IH
101st CONGRESS
2d Session
 H. R. 5224
To clarify the application of the functional relationship test to gas utility
holding companies registered under the Public Utilities Holding Company Act
of 1935.
IN THE HOUSE OF REPRESENTATIVES
June 28, 1990
Mr. WALGREN (for himself, Mr. OXLEY, Mr. ECKART, Mr. RITTER, Mr. MURPHY,
and Mr. BLILEY) introduced the following bill; which was referred to the
Committee on Energy and Commerce
A BILL
To clarify the application of the functional relationship test to gas utility
holding companies registered under the Public Utilities Holding Company Act
of 1935.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled,
SECTION 1. SHORT TITLE.
  This Act may be cited as the `Gas Related Activities Act of 1990'.
SEC. 2. RULE OF CONSTRUCTION.
  The acquisition or retention by a company, registered under the Public
  Utility Holding Company Act of 1935 solely by reason of direct or indirect
  ownership of voting securities of one or more gas utility companies, or by
  any subsidiary company of such registered company, of any interest in any
  natural gas company as defined under the Natural Gas Act (15 U.S.C. 717(a)
  et seq.) or in any company organized to engage or participate in activities
  related to the supply of natural gas (including exploration, development,
  production, manufacture, storage, transportation, marketing, or other similar
  activities related to the supply of natural or manufactured gas) shall be
  deemed, for the purposes of section 11(b)(1) of said Act, to be reasonably
  incidental or economically necessary or appropriate to the operation of
  such gas utility companies. Nothing herein shall be construed to affect the
  applicability of any other provisions of the Public Utility Holding Company
  Act to the acquisition or retention of any such interest by any such company.