Association of Massachusetts Consumers, Inc. v. United States Securities & Exchange Commission

RIVES, Senior Circuit Judge:

Without a hearing, the Securities and Exchange Commission (Hereafter referred to as “Commission”) approved the final step in compliance with its order requiring the New England Electric System (“NEES”) — a statutory holding company under the Public Utility Holding Company Act of 1935 (15 U.S.C. § 79) (hereinafter the Act) — to divest itself of all ownership in gas utility companies. The Association of Massachusetts Consumers, Inc. (“AMC”), an intervenor in the proceedings before the Commission, challenges the actions of the Commission. We find that the Commission…