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Why Was Early Utility Regulated?

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In the very beginning, utilities were not regulated. Early utilities would often compete for the same customers including building duplicate distribution systems. Competition was greatest in densely populated urban areas where more people are likely to use power. At first, municipalities stepped in, regulating the number of utilities, requiring universal service, and restricting each utility to service in specific areas of town to avoid the construction of duplicate systems. Since state regulation was not sufficient to control the action of interstate holding companies headquartered out of state, Congress passed the Public Utility Holding Company Act of 1935 (also known as Wheeler-Rayburn
Act). [2]
PUHCA gave that Securities and Exchange Commission

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