Proceedings of the Annual Iowa State University Regulatory Conference on Public Utility Valuation and the Rate Making Process, Volumes 24-25Iowa State University., 1985 |
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Page 199
... debt that is replacing maturing , very low cost debt , and I am speaking of debt raised in the 1950's at a coupon rate of less than 5 % , the imbedded cost of debt for this Company has risen to 10.5 % . Under these circumstances and ...
... debt that is replacing maturing , very low cost debt , and I am speaking of debt raised in the 1950's at a coupon rate of less than 5 % , the imbedded cost of debt for this Company has risen to 10.5 % . Under these circumstances and ...
Page 213
... debt financing . A recent study has found a concave WACC curve for a sample of 114 public utilities ( Patterson , Autumn 1983 ) . Moreover , Patterson found that the sample of utilities had an observed debt ratio for 1975-1979 well ...
... debt financing . A recent study has found a concave WACC curve for a sample of 114 public utilities ( Patterson , Autumn 1983 ) . Moreover , Patterson found that the sample of utilities had an observed debt ratio for 1975-1979 well ...
Page 214
... debt . The only justification , therefore , for adopting a higher equity ratio for rate - making purposes is if debt capital becomes unreasonably expensive or nearly unavailable ( Re Chesapeake and P. Telephone Company , 56 PUR 4th 53 ...
... debt . The only justification , therefore , for adopting a higher equity ratio for rate - making purposes is if debt capital becomes unreasonably expensive or nearly unavailable ( Re Chesapeake and P. Telephone Company , 56 PUR 4th 53 ...
Contents
First Session Traditional Regulatory Principles | 1 |
Second Session Economic and Regulatory Aspects | 15 |
Recent Experience in a New Form | 25 |
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accounting allocation allowed analysis asset AT&T avoided cost BOCs BUSTER BROWN bypass capacity cash flow charges cogeneration Commission competition consumers contract cost of capital curve customers debt demand depreciation deregulation disallowance discount rate distribution economic effect electric utilities energy equal access equity estimates exchange carriers facilities FASB Federal FERC firm forces of mortality forecast future GAAP Illinois Bell impact incentive income increase industry inflation inter-LATA interexchange interexchange carriers intraLATA intrastate investment Iowa State Regulatory Iowa State University issues local exchange carriers marginal cost natural gas non-utility Northwestern Bell operating percent period pipeline plant problem producers proposed Public Utility purchase rate design ratemaking ratepayers recovery reduced regulation Regulatory Conference result retirement revenue requirement risk supply switched tariff telecommunications telephone companies toll transmission transportation users utility's