Principles of Public Utility RatesGrasp regulatory issues and the principles of public utility pricing...Start with basic theory; learn what multiple functions public utility rates are designed to perform; understand the four primary functions rate regulations must perform; examine what constitutes fairness of rates; and wrap it all up with the criteria for judging a sound rate structure. |
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Contents
PART ONE Scope and General Paradigm Issues | 1 |
The Public Utility Concept | 5 |
Alternative Paradigms of Regulation | 26 |
Copyright | |
23 other sections not shown
Common terms and phrases
accepted accounting AFUDC allocation allowance alternative amortization applied assets capacity capital structure Chapter charge commissions competitive price consumers contestable markets cost of capital cost of equity cost of service criteria customers CWIP depreciation determination differentials discussed earnings economic economies of scale economists efficiency electric enterprise estimates excess factors fair rate fair return fair-value FERC firm function income incremental costs industry inflation investment investors issue Kamerschen long-run marginal costs marginal cost pricing measure method natural gas natural monopoly operating output peak percent plant practice price discrimination principle of ratemaking problem production profits Public Utilities Fortnightly public utility rates pure competition Ramsey pricing rate base rate control rate of return rate regulation rate structure ratemaking policy ratepayers rational reasonable rates regulatory rent seeking replacement cost reproduction cost result risk premium short-run marginal costs social subadditivity supply taxes telecommunications theory total costs workable competition