Principles of public utility rates
Grasp 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.
93 pages matching rate control in this book
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PART ONE Scope and General Paradigm Issues
The Public Utility Concept
Alternative Paradigms of Regulation
23 other sections not shown
accepted accounting AFUDC allocation allowance alternative amortization applied assets assumption benefits 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 increase incremental costs industry inflation investment investors issue long-run marginal costs measure method natural gas natural monopoly Original cost Appointed output peak percent plant practice price discrimination principle of ratemaking problem production profits public utility companies 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 replacement-cost reproduction cost result risk premium short-run marginal costs social subadditivity supply taxes telecommunications theory total costs value-of-service workable competition