Download or read book Corporate Governance and Regulation in Privatized Utilities written by Andrea E. Goldstein and published by . This book was released on 2000 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatisation Competition and Regulation written by OECD and published by OECD Publishing. This book was released on 2000-02-08 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together a number of papers discussing the interrelationship among privatisation, competition and regulation. The papers make reference to the experience of different countries with privatisation in a wide range of infrastructure sectors.
Download or read book Uncovering the Drivers of Utility Performance written by Luis A. Andrés and published by World Bank Publications. This book was released on 2013-07-18 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides insights into infrastructure sector performance by focusing on the links between key indicators for utilities, and changes in ownership, regulatory agency governance, and corporate governance, among other dimensions. By linking inputs and outputs over the last 15 years, the analysis is able to uncover key determinants that have impacted performance and address why the effects of such dimensions resulted in significant changes in the performance of infrastructure service provision.
Download or read book Legal Frameworks for Transparency in Water Utilities Regulation written by Mohamad Mova Al'Afghani and published by Routledge. This book was released on 2016-08-12 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transparency in the regulation of water utilities is essential in order to ensure quality and fairness. This book explores and compares different regulatory arrangements in the water utilities sectors in three jurisdictions to determine which regulatory and ownership model is most transparent and why. The three jurisdictions considered are England (UK), Victoria (Australia) and Jakarta (Indonesia). Following an introduction to the importance of transparency in water utilities regulation, the book provides an overview of the three chosen jurisdictions and their legal and institutional frameworks. Through a comparison of these the author explores the contested and difficult terrain of "privatization", as (often) opposed to public ownership, in which it is shown that the relationships between transparency and ownership models are not as clear-cut as might be assumed. Chapters consider various aspects and outcomes of the regulatory process and the role of transparency, including topics such as regulators' internal governance mechanisms, utilities corporate governance, licensing and information flow, freedom of information and transparency in tariffs and pricing, as well as customer service. The book concludes with a summary of lessons learned to inform the refinement of transparency in utilities regulation.
Download or read book Resetting Price Controls for Privatized Utilities written by Richard Green and published by World Bank Publications. This book was released on 1999 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: QUOTEThe aim of regulation is to protect consumers, while ensuring that the company remains viable and has an incentive to operate efficiently.QUOTEIn many developing countries private companies are replacing government agencies as owners and operators of infrastructure services. Governments must now develop new skills in economic regulation of these private providers to protect consumer interests, while also ensuring that the companies remain economically and financially sound and have incentives to operate efficiently. This manual provides new economic regulators with practical guidance on how to proceed in this fairly technical new field.Chapters cover: · Revising Price Controls · Procedures for Resetting a Price Control · Present Value Calculations · Investment and the Regulatory Asset Base · The Rate of Return · The Philosophy of Price Controls · The Form of a Price Control · Operating Costs · Revenues
Download or read book The Economic and Social Regulation of Public Utilities written by Judith Clifton and published by Routledge. This book was released on 2014-06-11 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Utilities have long been essential for societies, supplying basic services for nations, organizations and households alike. The proper functioning and regulation of utilities is therefore critical for the economy, society and security. History provides an invaluable insight into important issues of the economic and social regulation of utilities and offers guidance for future debates. However, the history of utility regulation – which speaks of changing, diverse and complex experiences around the world – was sidelined or marginalised when economists and policy-makers enthusiastically embraced the question of how to reform the utilities from the 1970s. This book examines in depth the complex regulation and deregulation of energy, communications, transportation and water utilities across Western Europe, the United States, Australia, Brazil, China and India. In each case, attention is drawn to the changing roles of the state, the market and firms in the regulation, organization and delivery of utility services. This book was originally published as a special issue of Business History.
Download or read book International Handbook on Privatization written by David Parker and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 626 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatization has dominated industrial restructuring programs since the 1980s and continues to do so. This authoritative and accessible Handbook considers all aspects of this key issue, including: the theory of privatization; privatization in transition, developed and developing economies; as well the economic regulation of privatized industries.
Download or read book The Corporate Governance of Public Utilities written by Aneil Kovvali and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rate regulated public utilities own and operate one-third of U.S generators and nearly all the transmission and distribution system. These firms receive special regulatory treatment because they are protected from competition and subject to rate caps. In the past decade, they also have been at the center of high-profile corporate scandals. They have bribed regulators to secure subsidies for coal-fired generators and nuclear reactors. They have caused wildfires and coal ash spills that resulted in hundreds of deaths and billions of dollars in liability. Their failure to maintain reliable electric service has contributed to catastrophic blackouts. Perhaps most consequentially, they have emerged as powerful opponents of state and federal climate action. This Article describes the unique corporate governance challenges public utilities face and argues that these governance challenges contribute to the pervasive inefficiencies and the frequency of corporate misconduct that characterize utility industries. American corporate law provides special protections to shareholders such as the right to elect corporate boards and the requirement that directors and managers owe fiduciary duties to shareholders. The economic justification for these protections is that shareholders are the residual claimants of corporations: because they receive any value a corporation generates beyond what it owes to its fixed claimants, they have the appropriate incentives to pursue value-enhancing investments. But the theoretical premise that underlies the American system of corporate governance does not apply to public utilities. Rate regulation limits the value shareholders receive when a firm innovates or reduces costs. It therefore converts shareholders into fixed claimants with the same incentives creditors have in non-utility industries. Because ratepayers, not shareholders, receive the residual value the firm generates beyond what it owes to its fixed claimants, standard corporate law theory suggests that public utilities should be run to advance ratepayer and not shareholder interests. The implication is that managers and directors of public utilities should owe fiduciary duties to their ratepayers, that ratepayers should be represented on the corporate boards of public utilities, and that managers of public utilities should receive less deference on business decisions than they do in other industries. As we discuss, however, these reforms are difficult, and perhaps impossible, to implement effectively. That, in turn, highlights the need for strong regulatory oversight and offers additional reasons to be skeptical of the utility model.
Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Download or read book Privatized Utilities written by Francesc Trillas and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization in Brazil written by Armando Castelar Pinheiro and published by . This book was released on 1999 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Governance of Indian State Power Utilities written by Sheoli Pargal and published by World Bank Publications. This book was released on 2014-10-17 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review of the Indian power sector at the state level finds that priority should be given to implementing a robust regulatory framework and governance practices to ensure better utility performance.
Download or read book The Report of the Commission on the Regulation of Privatised Utilities written by Commission on the Regulation of Privatised Utilities (Great Britain) and published by Hansard Society. This book was released on 1996 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Politics of Regulation written by A. Young and published by Palgrave Macmillan. This book was released on 2001-03-13 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The privatization of the utilities by the Conservative governments of the 1980s and 1990s was a major shift in public policy. It was also a huge experiment in reinventing government, since the newly privatized companies were regulated by high-profile individuals. Frequently criticized and often controversial, the regulators wield enormous power over a large sector of the British economy. This book tells the story of their first fifteen years or so controlling prices, introducing competition, refereeing mergers and sometimes clashing with the government.
Download or read book Privatized Utilities and the Third Way written by Alan Jones and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government is planning new regulations to ensure that utility companies 'reflect a sense of social responsibility'. Their intention to overlay social objectives on the regulatory frameworks inspired by free market economics can be seen as an attempt to find a 'Third Way' policy for the utilities. Neoliberals would argue that social policy has no place in the privatized utility sector, which is now well established. Interference in regulatory processes to achieve social objectives is likely to be counter-productive by distorting prices and inhibiting the incentive system designed to achieve efficiencies. Rather than requiring the companies to act as instruments of government policy, the Government could achieve its social objectives through subsidies, or through the social security system, leaving the regulatory framework to operate unfettered.
Download or read book Some Options for Improving the Governance of State owned Electricity Utilities written by Timothy Irwin and published by . This book was released on 2004 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization Restructuring and Regulation of Network Utilities written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: David Newbery argues that network utilities pose special problems of ownership and regulation.
