Natural Gas Act Amendments. (Sec. 12 - Issuance of Natural Gas Securities). Hearings ... on H.R. 53061950 - 174 páginas |
Palavras e frases frequentes
agency amendment application approved Association of Railroad authority BECKWORTH Chairman Smith Commis Commission jurisdiction Commission's jurisdiction Commissioner Cook Commissioner SMITH committee Congress Congressman Consolidated Edison convenience and necessity Court Crosser bill distributing company El Paso electric utilities enactment Exchange Commission exemption facilities Federal Power Act Federal Power Commission Federal regulation FEINBERG filed financing gas in interstate Gas Transmission HALE hearings HESELTON Holding Company Act HUGHES interstate commerce Interstate Commerce Commission issuance of securities JONES KEOGH language legislation matter McDONALD mission Natural Gas Act natural-gas company natural-gas pipe-line companies natural-gas securities Nelson Lee operating Panhandle Eastern pany PATTON percent predominantly producers and gatherers proposed provisions public convenience public interest question Railroad and Utilities rates reason referred regulatory gap require respect section 204 Securities and Exchange security issues sion Southern Natural Gas statement statutes tion understand Utility Holding Company WOLVERTON York
Passagens conhecidas
Página 164 - It is one of the happy incidents of the Federal system that a single courageous State may, if its citizens choose, serve as a laboratory, and try novel social and economic experiments without risk to the rest of the country.
Página 148 - ... for resale for ultimate public consumption for domestic, commercial, industrial, or any other use, and to natural-gas companies engaged in such transportation or sale, but shall not apply to any other transportation or sale of natural gas or to the local distribution of natural gas or to the facilities used for such distribution or to the production or gathering of natural gas.
Página 162 - There is no intention in enacting the present legislation to disturb the States in their exercise of such jurisdiction. However, in the case of sales for resale, or so-called wholesale sales, in interstate commerce (for example, sales by producing companies to distributing companies) the legal situation is different. Such transactions have been considered to be not local in character and, even in the absence of Congressional action, not subject to State regulation. (See Missouri y.
Página 4 - ... or to share in any of the proceeds thereof, or to participate in the making or paying of any dividends of an operating carrier from any funds properly included in capital account.
Página 48 - The Commission, by rules and regulations upon its own motion, or by order upon application, may conditionally or unconditionally exempt any person, security, or transaction, or any class or classes of persons, securities, or transactions, from any provision or provisions of this title or of any rule or regulation thereunder...
Página 76 - The provisions of this section shall not extend to a public utility organized and operating in a State under the laws of which its security issues are regulated by a State commission.
Página 4 - Major, we will probably want to ask you some more questions, but in view of the fact that the House meets at 11 o'clock, and Governor Frothingham has a friend here from Boston who desires to make a little statement to us so that he can go home, we will have to hear him, and we will continue your hearing later. Mr. HILL of Maryland. I would like to ask just one question, if I may, Mr. Chairman. TO AMEND THE NATIONAL...
Página 4 - Provided, however, that the commission shall have no power to authorize the capitalization of any franchise to be a corporation or to authorize the capitalization of any franchise or the right to own, operate or enjoy any franchise whatsoever in excess of the amount (exclusive of any tax or annual charge) actually paid to the state or to a political subdivision thereof as the consideration for the grant of such franchise or right...
Página 150 - ... extending Federal regulation, had no purpose or effect to cut down state power. On the contrary, perhaps its primary purpose was to aid in making state regulation effective, by adding the weight of Federal regulation to supplement and reinforce it in the gap created by the prior decisions.
Página 140 - In any case where a motor carrier has become exempt from the provisions of this part as provided in this subparagraph, it shall not be considered to be a burden on interstate or foreign commerce for a State to regulate such carrier with respect to the operations covered by such exemption.