CWIP in FERC Electric Rate Base: Hearing Before the Subcommittee on Energy Conservation and Power of the Committee on Energy and Commerce, House of Representatives, Ninety-seventh Congress, Second Session, on H.R. 5755 ... August 13, 1982 |
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Page 10
... capital , more capital self - sufficient . Second , it would help to increase pretax interest coverages and the quality of the bonds that are issued by this industry which will help it to attract capital from bond investors . Third , it ...
... capital , more capital self - sufficient . Second , it would help to increase pretax interest coverages and the quality of the bonds that are issued by this industry which will help it to attract capital from bond investors . Third , it ...
Page 11
... capital markets , and went away with less than 75 percent of what they sought at the beginning of a par- ticular month . In addition to that , in 1981 , over one - half of all debt financing by the electric power industry had a term of ...
... capital markets , and went away with less than 75 percent of what they sought at the beginning of a par- ticular month . In addition to that , in 1981 , over one - half of all debt financing by the electric power industry had a term of ...
Page 15
... capital costs will decline and rate relief will continue , Smith Barney Harris Upham & Company believes the ' double - barreled effect spells a very favorable earnings trend for the group . ' " First Boston Research advises that ' the ...
... capital costs will decline and rate relief will continue , Smith Barney Harris Upham & Company believes the ' double - barreled effect spells a very favorable earnings trend for the group . ' " First Boston Research advises that ' the ...
Page 20
... capital , and , in addition , immediately results in higher costs to ratepayers . The long range savings pre- dicted by CWIP proponents are far outweighed by the additional costs that must be charged today . It makes no economic sense ...
... capital , and , in addition , immediately results in higher costs to ratepayers . The long range savings pre- dicted by CWIP proponents are far outweighed by the additional costs that must be charged today . It makes no economic sense ...
Page 28
... capital cost . Naturally , there are additional savings on fuel costs . Since 1975 , one hundred power plants have been cancelled . The costs can be staggering . The Tennessee Valley Authority cancelled three plants earlier this year ...
... capital cost . Naturally , there are additional savings on fuel costs . Since 1975 , one hundred power plants have been cancelled . The costs can be staggering . The Tennessee Valley Authority cancelled three plants earlier this year ...
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Common terms and phrases
AFUDC allowing CWIP ALTERMAN believe BENORE bill billion bond rating book value build cash flow cash return Chairman cogeneration common equity CONGRESS THE LIBRARY conservation construction programs consumers CWIP in rate debt demand dividends earnings economic Edison Edison Electric Institute ELCON electric companies Electric Cooperative electric power industry electric utility common electric utility industry Energy Regulatory Commission facilities Federal Energy Regulatory Federal Power Act FERC FERC's financial condition financial health financial integrity flow to construction funds GEJDENSON growth higher improve incentives include CWIP inclusion of CWIP industry's investor owned utilities investor-owned issue least cost legislation LIBRARY OF CONGRESS municipal OTTINGER Paine Webber percent powerplants price squeeze problems PROFOZICH projects public utility RADIN rate increases rate of return ratepayers regulation requirements return on construction risk rulemaking severe financial difficulty Standard & Poor's Subcommittee Tex-La Tom Harkin utility common stocks wholesale customers wholesale rate bases
Popular passages
Page 52 - The thing devoted by the investor to the public use is not specific property, tangible and intangible, but capital embarked in the enterprise.
Page 112 - Commission must arrive at a rate level deemed by it to be just and reasonable, but in doing so it must consider the tendered allegations that the proposed rates are discriminatory and anticompetitive in effect.
Page 29 - Our decision today in no way disparages the national interest in energy conservation. We accept without reservation the argument that conservation, as well as the development of alternative energy sources, is an imperative national goal. Administrative bodies empowered to regulate electric utilities have the authority — and indeed the duty — to take appropriate action to further this goal.
Page 24 - The six major organizations are the American Association of Retired Persons, the National Retired Teachers Association, the National Council of Senior Citizens, the National Association of Retired Federal Employees, the National Council on the Aging and the National Caucus on the Black Aged. unimaginative "issues" developed initially through the technical advisory committees.
Page 3 - To amend the Federal Power Act to limit the recovery by public utilities of certain costs of construction work in progress through rate increases.
Page 20 - Alfred Kahn , former Chairman of the New York State Public Service Commission and the Civil Aeronautics Board, a "loan from ratepayers to the company.
Page 188 - Office Building, Washington, DC DEAR CONGRESSMAN YATES : I am submitting this letter for inclusion in the record of the hearings your Subcommittee is currently conducting on the Land and Water Conservation Fund appropriation for the 1979 fiscal year. The Congaree Limited Partnership, of which I am a general partner, holds title to the acreage in the Congaree Swamp of South Carolina that is the subject of Public Law 94-545, by...
Page 1 - Subcommittee will come to order. Today, we will hear testimony on HR 1753, the Methane Hydrate Research and Development Act of 1999.
Page 98 - FERC stated: ...tax normalization better achieves the goals of equity and fairness than does flow-through.. ..tax normalization matches tax benefits with cost responsibility.. . .Flow-through, through its inequitable allocation of tax costs over time, is found to distort the Commission's pricing policies. It is interesting to observe that FERC, in a 1987 rulemaking proceeding, noted the need for its jurisdictional utilities to adhere to the Code requirements to use the average rate assumption method...
Page 94 - Most of the states, however, continue to rely heavily on utility forecasts and to approve utility investment decisions with minimal scrutiny of forecasting practices and planning assumptions.