Legal Opinion
Environmental Action, Inc. v. Securities & Exchange Commission
Court of Appeals for the Ninth Circuit
Decided February 9, 1990No. 88-7132PublishedCited by 1 opinion
1Opinion of the Court
O’SCANNLAIN, Circuit Judge:
We review a Securities and Exchange Commission order approving a holding company’s acquisition of an interest in an electric generating plant. Retail customers of a subsidiary electric utility ask us to set aside the order, including its denial of their request for a formal hearing. We affirm.
I
In 1935, in a purported effort to protect consumers and investors from abuses associated with public utility holding companies engaged in interstate commerce, Congress enacted the Public Utility Holding Company Act (the “Act” or “PUHCA”). Act of Aug. 26, 1935, c. 687, 49 Stat.…
2Cases cited9 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Gulf States Utilities Co. v. Federal Power CommissionSupreme Court of the United States · 1973
- Marathon Oil Co. v. United StatesCourt of Appeals for the Ninth Circuit · 1986
- Securities & Exchange Commission v. Associated Gas & Electric Co.Court of Appeals for the Second Circuit · 1938
- Securities & Exchange Commission v. New England Electric SystemSupreme Court of the United States · 1968
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3Cited by1 opinion
- Environmental Action, Inc. v. Securities And Exchange CommissionCourt of Appeals for the Ninth Circuit · 1990