Public service (or utility) companies may operate under certificates of public convenience and necessity which may limit competition. Their services may be subject to rate control and other regulations which are not common to general businesses.
The concept of public service companies was that, in order to attract sufficient private investment capital and guarantee sufficient revenues to ensure appropriate operations and services, protection from ruinous competition and additional governmental oversight of rates and services were required to balance the needs of the owners of the business with those of the general public.
In the United States, at an interstate level, most airlines, railroad, and trucking and bus transportation services were deregulated in the last quarter of the 20th century. Many of the changes in the laws at the federal level had the effect of deregulation or substantially weakened similar state and local laws regarding the same services.
FERC Clarifies Requirement For Advance Approval Of Public Utility Company Stock Acquisition By Investment Advisers.(Federal Energy Regulatory Commission)
Dec 04, 2008; In a late November meeting, in response to a request for a disclaimer of jurisdiction by a registered investment adviser, the...
FERC CLARIFIES FEDERAL POWER ACT JURISDICTION, PUBLIC UTILITY HOLDING COMPANY ACT FILING REQUIREMENT; PROVIDES TIME FOR FILINGS
Nov 20, 2008; The U.S. Department of Energy's Federal Energy Regulatory Commission issued the following press release: The Federal Energy...