PUHCA (Public Utilities Holding Companies Act)

In 2005-08, George W. Bush repealed the PUHCA. Now electric companies no longer have to build to deal with bad weather. They can just let the lines fall and lie there until they get around to repairing them, which is the more profitable strategy. Utilities are now permitted to deny any customer power. They are under no obligation to provide power to anyone. They will only continue to provide power only where it remains sufficiently profitable.

~ Roedy (1948-02-04 age:69)