Proceedings of the Annual Iowa State University Regulatory Conference on Public Utility Valuation and the Rate Making Process, Volumes 13-16Iowa State University., 1974 |
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Page 204
... ratio is a measure of the market value placed upon a given dollar of net book equity . Morton states that this ratio is determined by the current rate earned on equity , and the risks associated with a rise or fall of this return in the ...
... ratio is a measure of the market value placed upon a given dollar of net book equity . Morton states that this ratio is determined by the current rate earned on equity , and the risks associated with a rise or fall of this return in the ...
Page 213
... ratio . It follows that if commissions allow returns on equity in excess of the e / p ratio , the market price should be above that of book value per share . It is not always the case that RB L , and BV S , so that set- ting rates based ...
... ratio . It follows that if commissions allow returns on equity in excess of the e / p ratio , the market price should be above that of book value per share . It is not always the case that RB L , and BV S , so that set- ting rates based ...
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 ...
Contents
12 | 39 |
25 | 45 |
DIVERGENT VIEWS WITHIN THE TELECOMMUNICATIONS INDUSTRY | 53 |
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adjustment clauses allowed analysis antitrust assets average basis billion bonds book value capacity Chart coal common equity common stock competition conservation construction consumer consumption cost of capital customers DATRAN debt decision declining demand depreciation dividend dollars earnings economic effect efficient electric power electric utilities energy environmental estimated expense factor Federal Federal Power Commission financing firm fuel future growth higher historical cost impact income incremental cost inflation investment investor Iowa State University kilowatt Kilowatt-Hour lease load marginal cost ment monetary natural gas nuclear operating peak percent period plant price level problems production public utility rate base rate design rate increases rate of return rate structure ratio regulation residential result revenue requirements risk Section sumers supply telephone tion unit costs users utility companies utility rates utility services utility's variable