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Estimating Return Deficiencies of Electric Utilities
On the Use of Revenue Requirements Regulation under
A Study of the Record
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allowed rate amount of capital AT&T automatic meter reading average cable television capacity capitalization rate classified Consolidated Edison consumer price index consumption per customer cost of capital cost of equity customer per degree decline deficiency index degree day demand earned Edison efficient electric and gas electric utilities energy equation estimated factor favorable firm firm's gas market gas utilities gross receipts increase industrial customer input Jersey labor and capital marginal cost measure OCCs output Paid by Electric parameter percent period personal income pipeline price elasticity pricing policy problem production profits Public Service R/P ratio rate of return ratepayer RBOCs regulatory climate reserve additions residential prices result return on equity revenue requirements regulation scale economies Section sector shadow cost function Shephard's Lemma space-heating consumption state-local taxes stockholders supply Table tion total taxes collected translog transmission U.S. natural gas utility taxes utility's wellhead