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Page 187
By that standard the return to the equity owner should be com- mensurate with returns on investments in other ... This capital investment can only be measured by the book value , assuming that prudent investment policies have been ...
By that standard the return to the equity owner should be com- mensurate with returns on investments in other ... This capital investment can only be measured by the book value , assuming that prudent investment policies have been ...
Page 256
Mandatory and Discretionary Investment Decisions Thus far we have seen that inflation , a rising cost of capital , and regulatory lag have combined to cause a utility's actual rate of return on investment to fall below its target rate ...
Mandatory and Discretionary Investment Decisions Thus far we have seen that inflation , a rising cost of capital , and regulatory lag have combined to cause a utility's actual rate of return on investment to fall below its target rate ...
Page 257
Under the situation depicted in Exhibit 5 , incremental invest- ments with high IRR's or NPV's would indeed benefit the ... The Public Utilities ' Investment Acceptance Criterion As noted above , under the ( unrealistic ) assumptions of ...
Under the situation depicted in Exhibit 5 , incremental invest- ments with high IRR's or NPV's would indeed benefit the ... The Public Utilities ' Investment Acceptance Criterion As noted above , under the ( unrealistic ) assumptions of ...
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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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Common terms and phrases
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