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Page 36
EFFICIENCY STUDIES AND MANAGEMENT AUDITS : ARE THEY USEFUL TOOLS IN REGULATING FOR EFFICIENCY IN THE PUBLIC UTILITY INDUSTRY ? Everett L. Morris Senior Vice President Public Service Electric and Gas Company Introduction I am delighted ...
EFFICIENCY STUDIES AND MANAGEMENT AUDITS : ARE THEY USEFUL TOOLS IN REGULATING FOR EFFICIENCY IN THE PUBLIC UTILITY INDUSTRY ? Everett L. Morris Senior Vice President Public Service Electric and Gas Company Introduction I am delighted ...
Page 37
individually and as a group , are more efficient now than during this 1962-1967 period . Accordingly , in this discussion we should not confuse productivity with efficiency , as they are separate and distinct terms which mean different ...
individually and as a group , are more efficient now than during this 1962-1967 period . Accordingly , in this discussion we should not confuse productivity with efficiency , as they are separate and distinct terms which mean different ...
Page 50
The presumption of managerial efficiency has been one of the casualties of these changes . Commission insistence on affirmative proof of management efficiency by utilities flowed naturally and inevitably from this state of affairs .
The presumption of managerial efficiency has been one of the casualties of these changes . Commission insistence on affirmative proof of management efficiency by utilities flowed naturally and inevitably from this state of affairs .
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Contents
FIRST SESSION Regulation and the Utility Industries | 1 |
SOLVING THE INFLATION DILEMMA | 103 |
FOURTH SESSION | 111 |
27 other sections not shown
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accounting additional adjustment agencies allowed amount analysis application average base basis believe capacity capital changes charges Commission common companies competition concerned considered construction consumer continue cost curves customers decision demand depreciation determine earnings economic effect efficiency electric utilities energy equity estimated example existing expected expense fact factor Federal firm fuel future going growth higher important income increase industry inflation interest investment investors Iowa issues less load marginal means measure method Michigan natural operating peak percent period plant possible present problems production Public Utilities question rate of return ratio reasonable recent reduce regulation regulatory requirements reserve result revenue risk structure supply telephone tion unit