Download or read book Effects of Regulation on Utility Financing written by Robert A. Taggart and published by . This book was released on 2008 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the financing decisions of regulated public utilities. It is argued that the regulatory process affects utility financing choices both by conditioning the environment in which these choices are made and by creating opportunities for firms to influence the regulated price through strategic financing behavior. The nature of this regulatory effect continually changes, however, as economic conditions change and as regulators, firms and consumers adapt to one another's decisions. The direction of the impact on utility financing, therefore, may differ both over time and across regulatory jurisdictions. This theory of regulatory influence is tested by examining several episodes in the financing experience of U.S. electric utilities from 1912 to 1979. Evidence of a regulatory effect on utility financing is found particularly for the early years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and consumers are also cited.

Download or read book Effects of Regulation on Utility Financing written by Robert A. Jr Taggart and published by . This book was released on 1985 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the financing decisions of regulated public utilities. It is argued that the regulatory process affects utility financing choices both by conditioning the environment in which these choices are made and by creating opportunities for firms to influence the regulated price through strategic financing behavior. The nature of this regulatory effect continually changes, however, as economic conditions change and as regulators, firms and consumers adapt to one another's decisions. The direction of the impact on utility financing, therefore, may differ both over time and across regulatory jurisdictions. This theory of regulatory influence is tested by examining several episodes in the financing experience of U.S. electric utilities from 1912 to 1979. Evidence of a regulatory effect on utility financing is found particularly for the early years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and consumers are also cited

Download or read book Effects of Regulation on Utility Financing written by Robert A. Taggart jr. and published by . This book was released on 1982 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Regulatory Finance written by Howard E. Thompson and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is concerned with the determination of the allowed rate ofreturn in rate cases which, in part, determines the rates ofcharge to customers of public utilities. Rate of return determination has been a central topic in utility regulation for a century. Recent changes in the traditionally regulated markets - electricity, gas, and telephone - have shoved discussion of rate of return determination into the background, replacing it by technology changes, competition, downsizing, deregulation, and reg'ulatory incentive systems. These new issues have made the regula tory sector, which had the reputation of being stodgy and uninteresting, an exciting field ofstudy. But rate ofreturn is not dead. It will playa key role in whatever the new structure ofthe regulated sector. Separating generation from transmis sion and distribution will not eliminate the need for rate of return analysis in the electric utility industry. Rather, it may well increase the number of companies for which the rate of return needs to be determined. It will playa fundamental role in the new regulatory environment. Incentive systems in the regulated sector may be the wave of the future but they will use the required rate ofreturn as a benchmark. Rate case will persist. Most rate cases include opposing testimony as to the "fair" rate of return or even the cost ofcapital for a public utility whose rates are at issue.

Download or read book Utility Regulation written by William G. Shepherd and published by . This book was released on 1966 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Some Effects of Utility Regulation on Firm Operating and Financial Strategies written by Cheng F. Lee and published by . This book was released on 1977 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that different degrees of regulation affect electric utility firm's operating and financial strategies. The analysis also provides a potential approach for testing the Averch-Johnson effect using financial information which has been neglected until this time.

Download or read book Techniques of Analyzing the Impacts of Certain Electric Utility Ratemaking and Regulatory Policy Concepts written by and published by . This book was released on 1980 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Impacts of Financial Constraints on the Electric Utility Industry written by Betsy O'Brien and published by . This book was released on 1981 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effects of Regulation on the Electric Utility Industry written by United States. General Accounting Office and published by . This book was released on 1981 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Agency Costs of Third Party Financing and the Effects of Regulatory Change on Utility Costs and Factor Choices written by Francis J. Cronin and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning in 1999, the Canadian Province of Ontario undertook restructuring and tried to implement performance based regulation for local electricity distribution utilities. Regulatory parameters were based on productivity research covering 1988-1997 that found little productivity difference by size, but wide variations in costs, factor mix, financing, and returns to capital among utilities. While some utilities questioned their ability to improve efficiency, other observers maintained many utilities were over-capitalized, especially from third-party financing paid by customers for connection/development charges; these observers noted that rates, profits, and valuations would be inflated. Despite its pervasive use, we can find no literature dealing with the implications of third-party funding. We assess the effects and adjustment dynamics of regulatory and financing changes on costs, factor mix, and performance.

Download or read book Utilities Code written by Texas and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Uniform System of Accounts USOA written by and published by . This book was released on 1995 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Regulating Mergers and Acquisitions of U S Electric Utilities Industry Concentration and Corporate Complication written by Scott Hempling and published by Edward Elgar Publishing. This book was released on 2020-10-30 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens when electric utility monopolies pursue their acquisition interests—undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.’s leading regulatory thinkers, this book combines legal, accounting, economic and financial analysis of the 30-year march of U.S. electricity mergers with insights from the dynamic field of behavioral economics.

Download or read book Some Effects of Utility Regulation on Firm Operating Elasticity and Capital Structure written by Cheng F. Lee and published by . This book was released on 1978 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: An important question involving electric utility firms is how does each firm adjust its capital structure on operating strategy so as to minimize the possible adverse impact of commission regulation upon its performance. By using both one way and two way analysis of variance, this paper shows that different degrees of regulation do affect operating and financial strategies of electric utility firms. The degree of operating leverage concept is used as a measure of operating elasticity; both balance sheet and income statement leverage ratios were used as indices of financial strategy. It was found that different degrees of utility regulation do affect a firm's operating leverage different regulation also causes a firm to adjust its financial leverage in terms of Ii/Xi to neutralize business risks, to some extent. In addition, strong time effects associated with both operation elasticity and capital structure are also observed.

Download or read book Hong Kong Government s Regulation on Electric Utility Companies and the Effects on the Financial Performance of Such Companies written by 陳祖欣 and published by . This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Hong Kong Government's Regulation on Electric Utility Companies and the Effects on the Financial Performance of Such Companies" by 陳祖欣, Cho-yan, Ernest, Chan, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. DOI: 10.5353/th_b4212823 Subjects: Electric utilities - Government policy Electric utilities - Law and legislation

Download or read book Effects of State Regulations on Utility Investment in Low income Demand Side Management Programs written by Diane H. Hennessey and published by . This book was released on 1996 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Utility Economics and Finance written by Keith M. Howe and published by Prentice Hall. This book was released on 1982 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: