NARUC's Existential Threat Defeated in 1931, and PUF
This year’s NARUC Annual Meeting starts in two and a half weeks, in La Quinta, California. Few of those planning to attend know that the character of the Annual Meetings was disputed and settled at the 1931 Meeting in Richmond, Virginia.
David Lilienthal of the Wisconsin Public Service Commission already had a national reputation. He would later help found and lead the Tennessee Valley Authority and then the Atomic Energy Commission. But in October 1931, the regulatory reformer upset and clashed with his fellow regulators in Richmond.