Effects of the Energy Policy Act of 2005 on Acquisition and Ownership of Electric Power Assets
Article from: OGEL 4 (2006), in Electricity Law and Regulation
Introduction
U.S. laws and regulations governing acquisition and ownership of electric power assets have recently been rewritten. These changes are a result of the Energy Policy Act of 2005 (EPAct 2005),[1] which abolished decades-old impediments to investment in the electric power sector. Under EPAct 2005, which was signed into law on August 8, 2005 and became effective on February 8, 2006, investors discouraged from significant participation by the prior legal and regulatory regime - such as financial institutions, private equity funds, diversified corporations and foreign businesses - ...