title), mutilates, alters, or by any means or device falsifies any account, correspondence, memorandum, book, paper, or other record kept or required to be kept under the provisions of this title or any rule, regulation, or order thereunder, shall upon conviction be fined not more than $10,000 or imprisoned not more than five years, or both, except that in the case of a violation of a provision of subsection (a) or (b) of section 4 by a holding company which is not an individual, the fine imposed upon such holding company shall be a fine not exceeding $200,000; but no person shall be convicted under this section for the violation of any rule, regulation, or order if he proves that he had no knowledge of such rule, regulation, or order.

STUDY OF PUBLIC-UTILITY AND INVESTMENT COMPANIES

SEC. 30. The Commission is authorized and directed to make studies and investigations of public-utility companies, the territories served or which can be served by public-utility companies, and the manner in which the same are or can be served, to determine the sizes, types, and locations of public-utility companies which do or can operate most economically and efficiently in the public interest, in the interest of investors and consumers, and in futherance of a wider and more economical use of gas and electric energy; upon the basis of such investigations and studies the Commission shall make public from time to time its recommendations as to the type and size of geographically and economically integrated public-utility systems which, having regard for the nature and character of the locality served, can best promote and harmonize the interests of the public, the investor, and the consumer. The Commission is authorized and directed to make a study of the functions and activities of investment trusts and investment companies, the corporate structures, and investment policies of such trusts and companies, the influence exerted by such trusts and companies upon companies in which they are interested, and the influence exerted by interests affiliated with the management of such trusts and companies upon their investment policies, and to report the results of its study and its recommendations to the Congress on or before January 4, 1937.

EMPLOYEES OF THE COMMISSION

SEC. 31. For the purposes of this title the Commission may select, employ, and fix the compensation of such attorneys, examiners, and other experts as shall be necessary for the transaction of the business of the Commission in respect of this title without regard to the provisions of other laws applicable to the employment and compensation of officers or employees of the United States; and the Commission may, subject to the civil-service laws, appoint such other officers and employees as are necessary in the execution of the functions of the Commission and fix their salaries in accordance with the Classification Act of 1923, as amended.

SEPARABILITY OF PROVISIONS

SEC. 32. If any provision of this title or the application of such provision to any person or circumstances shall be held invalid, the

remainder of the title and the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby.

SHORT TITLE

SEC. 33. This title may be cited as the "Public Utility Holding Company Act of 1935."

TITLE II-AMENDMENTS TO FEDERAL WATER POWER ACT

Note: Title II of the Public Utility Act of 1935 amends the Federal Water Power Act in various respects. It also adds a new Part II to that Act regulating electric utility companies engaged in the interstate transmission of electric energy. That Act is administered by the Federal Power Commission and its amendments and additions are independent of those in Title I, except Section 318, of said Title II, which provides as follows:

SEC. 318. If, with respect to the issue, sale, or guaranty of a security, or assumption of obligation or liability in respect of a security, the method of keeping accounts, the filing of reports, or the acquisition or disposition of any security, capital assets, facilities, or any other subject matter, any person is subject both to a requirement of the Public Utility Holding Company Act of 1935 or of a rule, regulation, or order thereunder and to a requirement of this Act or of a rule, regulation, or order thereunder, the requirement of the Public Utility Holding Company Act of 1935 shall apply to such person, and such person shall not be subject to the requirement of this Act, or of any rule, regulation, or order thereunder, with respect to the same subject matter, unless the Securities and Exchange Commission has exempted such person from such requirement of the Public Utility Holding Company Act of 1935, in which case the requirements of this Act shall apply to such person.

PUBLIC UTILITY REGULATORY POLICIES ACT OF 1978

PUBLIC UTILITY REGULATORY POLICIES ACT OF 1978 1

AN ACT To suspend until the close of June 30, 1980, the duty on certain
doxorubicin hydrochloride antibiotics.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.

(a) SHORT TITLE.-This Act may be cited as the "Public Utility Regulatory Policies Act of 1978".

(b) TABLE OF CONTENTS.

Sec. 1. Short title and table of contents.

Sec. 2. Findings.

Sec. 3. Definitions.

Sec. 4. Relationship to antitrust laws.

TITLE I-RETAIL REGULATORY POLICIES FOR ELECTRIC UTILITIES

Subtitle A-General Provisions

Sec. 101. Purposes.

Sec. 102. Coverage.

Sec. 103. Federal contracts.

Subtitle B-Standards for Electric Utilities

Sec. 111. Consideration and determination respecting certain ratemaking standards.

Sec. 112. Obligations to consider and determine.

Sec. 113. Adoption of certain standards.

Sec. 114. Lifeline rates.

Sec. 115. Special rules for standards.

Sec. 116. Reports respecting standards.

Sec. 117. Relationship to State law.

TITLE II-CERTAIN FEDERAL ENERGY REGULATORY COMMISSION AND DEPARTMENT OF ENERGY AUTHORITIES

Sec. 201. Definitions.

Sec. 202. Interconnection.

Sec. 203. Wheeling.

Sec. 204. General provisions regarding certain interconnection and wheeling authority.

This Act was enacted on November 9, 1978 as Public Law 95-617 (92 Stat. 3117) and appears generally in 16 U.S.C. 2601 and following. Various provisions appear elsewhere in the United States Code.