In this January 30, 2006, issue of New Power Executive, Branko Terzic, Deloitte Services LP's U.S. Global and Regulator Policy leader, addresses the concern that the Public Utility Holding Company Act of 1935 (PUHCA) repeal and the loss of Securites and Exchange Commission oversight of utility holding companies will result in locally regulated state utilities, imposing costs on consumers not heretofore included in local rates. To the question of how this new cost imposition will be possible after PUHCA repeal, Terzic replies that it won’t. As long as regulators have the authority to set rates, all other powers are secondary and may or may not even be necessary. Read the full article attached below.