Securities Regulation -- 2004
|
Alliant Energy Corp. v. Bridge
(U.S. Supreme Court)
Wisconsin regulation of out-of-state acts by utility holding companies
The NAM, the Edison Electric Institute, the American Gas Assn., and the National Assn. of Water Companies filed a joint amicus brief supporting review and reversal of a Seventh Circuit decision that allows state regulation of out-of-state investments and transactions of public utility holding companies. The law prohibits investors from buying stock without state approval and blocks the company from owning 25% or more of non-utility assets. The Court declined to review this case on 1/12/04.
|