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Page 204
USE OF MARKET / BOOK RATIOS IN REGULATORY PROCEEDINGS Regulatory commissions usually state that they take into consid- ... It is often pointed out that a downward trend in this ratio is an indication of a deterioration of investor ...
USE OF MARKET / BOOK RATIOS IN REGULATORY PROCEEDINGS Regulatory commissions usually state that they take into consid- ... It is often pointed out that a downward trend in this ratio is an indication of a deterioration of investor ...
Page 213
When ke is determined by the earnings / price ratio , then r will be equal to one , and market and book values are equal . The earnings / price ratio has been used as a measure of the cost of equity capital , but fell into disuse during ...
When ke is determined by the earnings / price ratio , then r will be equal to one , and market and book values are equal . The earnings / price ratio has been used as a measure of the cost of equity capital , but fell into disuse during ...
Page 201
limit of the reserve ratio , it must decrease its depreciation rate . On the other hand , if the reserve ratio were less than the lower limit it could increase the depreciation rate . These reserve ratio limits were designed to permit ...
limit of the reserve ratio , it must decrease its depreciation rate . On the other hand , if the reserve ratio were less than the lower limit it could increase the depreciation rate . These reserve ratio limits were designed to permit ...
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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