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The FPC regulated the interstate activities of the electric power and natural gas industries, and coordinated national hydroelectric power activities. Basically, they couldn't continue to build or do different activities without a license.
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Provided federal loans for the installation of electrical distribution systems to serve isolated rural areas of the United States.
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The Act ruled that nuclear weapon development and nuclear power management would be under civilian, rather than military control, and it established the United States Atomic Energy Commission for this purpose.
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The primary goals of EPCA are to increase energy production and supply, reduce energy demand, provide energy efficiency, and give the executive branch additional powers to respond to disruptions in energy supply.
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Encouraged conservation efforts in homes, schools, and other public buildings.
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The objective of this law was shift from oil and gas supply toward energy conservation; thus, to promote fuel efficiency and renewable energy through taxes and tax credits.
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Established a comprehensive national program for the safe, permanent disposal of highly radioactive wastes.
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Provided tax incentives for conservation and use of alternative fuels.
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This was a law that was passed by the United States Congress to facilitate regulation of electric utilities, by either limiting their operations to a single state, and thus subjecting them to effective state regulation, or forcing divestitures so that each became a single integrated system serving a limited geographic area. Another purpose of PUHCA was to keep utility holding companies that were engaged in regulated businesses from engaging in unregulated businesses.
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This plan to invest in renewable energy is basically Barack Obama's way of saying, "we rely on foreign oil far too much" and that it's time to do things a litle different.