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The Changing Environment of PublicUtility
Is PublicUtility Regulation beyond
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allocation allowed profit assets AT&T average basic basis Baumol Bell Bell system billion Bonbright capacity carriers changes chapter charge cogeneration commis commissioners consumers cost of capital customer-premises equipment customers decision demand deregulation diversification earnings economic economists effect efficiency electric utilities electric-utility energy equipment example facilities federal FERC firm's impact implementation incentives increases incremental inflation interest intrastate investment investors issues Journal jurisdiction kilowatt-hour load long-term major marginal cost marginal-cost pricing measured service monopoly off-peak operating optimal output partial deregulation peak peak-load pricing percent plant potential predatory pricing problems proposed Public Service Commission Public Utilities PURPA Ramsey pricing rate base rate design rate of return rate-of-return regulation regulated firm regulatory commissions regulatory lag result retail return on equity risk Roger Sherman sion sources standard sumers suppliers telecommunications tion transmission unit University unregulated utility's valuation vertical disintegration