Cost of Capital Estimating the Rate of Return for Public Utilities
List Price: $36.95
Publisher: MIT Press
Binding: Trade Cloth
Size: 6.00" wide x 9.00" long x 0.80" tall
One of the most contentious questions in public utility regulation is what "fair" rate of return to allow investors. This book spells out the advantages and disadvantages of the major methods used to estimate the required rate of return. It is a thorough review and critique that will prove valuable to all members of the regulatory community - commissions and their staff, legal and management counsel, and intervenors - and to students of finance and regulation. The point of departure is the cost of capital as a concept and the rationale for setting the allowed rate of return equal to the cost of capital. On this basis a comprehensive set of evaluation criteria are developed, including More...
George Hall is America's foremost aviation photographer and has 30 books to his credit, including the first nonfiction title published on Topgun. An authority on the Grumman F-14 Tomcat, he lives in Tiburon, California.
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