By James I. ; United States. ; Mid-America Economics Institute. Illinois Office of Consumer Services. Sturgeon
This consultant bargains basically with the economics of electrical utilities, even though convinced criminal and organizational points of utilities are mentioned. all the seven chapters addresses a specific side of public-utility ratemaking. bankruptcy One features a dialogue of the evolution of the public-utility idea, in addition to the criminal and monetary justification for public utilities. the second one bankruptcy units forth an analytical financial version which supplies the foundation for the following 4 chapters. those chapters comprise an in depth exam of overall working bills, the speed base, the speed of go back, and the speed constitution. the ultimate bankruptcy discusses a few present concerns concerning electrical utilities, frequently components regarding fuel-adjustment bills, advertisements, taxes, development paintings in development, and lifeline charges. a few of the examples utilized in the advisor are from specific states, resembling Illinois and California. those examples are used to demonstrate particular issues. shoppers in different states can generalize them to their states and never swap the which means or importance of the points. �Read more...
summary: This advisor offers essentially with the economics of electrical utilities, even though yes felony and organizational features of utilities are mentioned. all the seven chapters addresses a specific part of public-utility ratemaking. bankruptcy One incorporates a dialogue of the evolution of the public-utility suggestion, in addition to the felony and fiscal justification for public utilities. the second one bankruptcy units forth an analytical monetary version which gives the root for the subsequent 4 chapters. those chapters include a close exam of overall working expenditures, the speed base, the speed of go back, and the speed constitution. the ultimate bankruptcy discusses a few present concerns relating to electrical utilities, in most cases elements on the topic of fuel-adjustment charges, ads, taxes, building paintings in growth, and lifeline premiums. a few of the examples utilized in the consultant are from specific states, equivalent to Illinois and California. those examples are used to demonstrate particular issues. shoppers in different states can generalize them to their states and never swap the which means or value of the issues
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Extra info for A consumer's guide to the economics of electric utility ratemaking
172. -32- (0 \ submit to the company is distri~ute distri~ute regulations given (or the any of the commission. sole right combination to In generate, agreeable to return the transmit and both parties) electricity in that region. It is important to understand that an industry which meets the criteria for regulation is not necessarily regulated. That is an industry may evolve into a natural monopoly and its product may be price inelastic and remain suggesting that automobiles fill this Some unregulated.
Because of the consequent fixed charges, such overexpansion may then impose an intolerable burden on ratepayers • • • . On the other hand, if the return is too low, there would be a dearth of capital requisite for the maintenance of proper service standards, deterioration of the property, and a lack of extensions called for by the normal expansion of the population. In the face of such possibilities, the determination of fair returns easily becomes a, if not the, major function of regulating bodies.
But in the public utility sector the commission creates a utility's value primarily through determining costs. II va l ue "value problem problem"ll regulation. forms part of the core of Thus the public utility The commission should strike a balance between the utility managers and investors, who quite naturally would profit ~. from an inflated rate base, and consumers, who should not be forced to pay electric rates derived from an infl ated rate base due to improper valuation procedures. Equally important in determining total earnings (TE) is the rate of return (ROR).
A consumer's guide to the economics of electric utility ratemaking by James I. ; United States. ; Mid-America Economics Institute. Illinois Office of Consumer Services. Sturgeon