To clarify the application of the functional relationship test to gas utility holding companies registered under the Public Utilities Holding Company Act of 1935.
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.)
Became Public Law No: 101-572.
Introduced in House
Introduced in House
Referred to the House Committee on Energy and Commerce.
Referred to the Subcommittee on Telecommunications and Finance.
Referred to the Subcommittee on Energy and Power.
For Further Action See H.R.3656.
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