Proceedings of the Annual Iowa State University Regulatory Conference on Public Utility Valuation and the Rate Making ProcessIowa State University., 1981 |
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Page 110
... rate . The present value of the revenue requirements will be greater with historical - cost depreciation than with price - level depreciation if a pre - tax discount rate is used . Therefore , it can be argued that the economic choice ...
... rate . The present value of the revenue requirements will be greater with historical - cost depreciation than with price - level depreciation if a pre - tax discount rate is used . Therefore , it can be argued that the economic choice ...
Page 128
... ( Rate of Return ) = $ 458.13 $ 14.94 + $ 44.69 + ( $ 1,069.70 ) ( . 04 ) = $ 560.55 seen from these examples that the ratemaking determination of revenue requirements using price - level depreciation requires : ( a ) A general price - level ...
... ( Rate of Return ) = $ 458.13 $ 14.94 + $ 44.69 + ( $ 1,069.70 ) ( . 04 ) = $ 560.55 seen from these examples that the ratemaking determination of revenue requirements using price - level depreciation requires : ( a ) A general price - level ...
Page 129
... depreciation , and income taxes derived from price - level depreciation and a real rate of return is equal to that obtained using historical - cost depreciation and a nominal rate of return when a post - tax discount rate is used ...
... depreciation , and income taxes derived from price - level depreciation and a real rate of return is equal to that obtained using historical - cost depreciation and a nominal rate of return when a post - tax discount rate is used ...
Contents
AN ECONOMISTS | 9 |
SECOND SESSION | 29 |
COMMUNICATIONS AND DEREGULATION ACT OF 1981 IMPACT | 41 |
Copyright | |
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accounting allowed amount asset average banking capital recovery carriers changes coal cogeneration Commissioners competition consumers cost of service customers Davis-Besse debt decision decommissioning deferred income taxes depreciation accrual Depreciation Reserve deregulation determined dividends dollar earnings economic effect electric utilities emission reduction energy equal life group equipment equity ERCS expense facilities Federal FERC filing fuel funds future historical cost historical-cost impact income taxes inflation interest investment investors issue lead-lag study marginal cost method million NARUC natural gas Net Operating Income nuclear offset operating payment Penelec percent period plant price-level depreciation problem procedure production proposed Public Utility purchasing power PURPA rail railroads rate base rate of return ratemaking regulation regulatory result revenue requirements salvage value staff Staggers Act Staggers Rail Act standards tax expenditures telecommunications telephone companies tion unit