Energy Project Financing : Resources and Strategies for Success

158 Energy Project Financing: Resources and Strategies for Success

Congress heavily to repeal PUHCA, claiming that it was outdated. On

August 8, 2005, the Energy Policy Act of 2005 passed both houses of

Congress and was signed into law, repealing PUHCA—despite con-

sumer, environmental, union and credit rating agency objections. The

repeal became effective on February 8, 2006.

SUMMARY

The dynamic process of revisions to existing codes, plus the intro-

duction of new legislation, will impact the energy industry and bring a

dramatic change. Energy conservation and creating new power genera-

tion supply options will be required to meet the energy demands of the

twenty-first century.