Utilities Code
Author : Texas
Publisher :
Page : pages
File Size : 26,78 MB
Release : 2007
Category : Public utilities
ISBN :
Author : Texas
Publisher :
Page : pages
File Size : 26,78 MB
Release : 2007
Category : Public utilities
ISBN :
Author : Janice A. Beecher
Publisher : Michigan State University Press
Page : 0 pages
File Size : 41,72 MB
Release : 2016-05-01
Category : Business & Economics
ISBN : 9781611862058
Risk and risk allocation have always been central issues in public utility regulation. Unfortunately, the term “risk” can easily be misrepresented and misinterpreted, especially when disconnected from long-standing principles of corporate finance. This book provides those in the regulatory policy community with a basic theoretical and practical grounding in risk as it relates specifically to economic regulation in order to focus and elevate discourse about risk in the utility sector in the contemporary context of economic, technological, and regulatory change. This is not a “how-to” book with regard to calculating risks and returns but rather a resource that aims to improve understanding of the nature of risk. It draws from the fields of corporate finance, behavioral finance, and decision theory as well as the broader legal and economic theories that undergird institutional economics and the economic regulatory paradigm. We exist in a world of scarce resources and abundant uncertainties, the combination of which can exacerbate and distort our sense of risk. Although there is understandable impulse to reduce risk, attempts to mitigate may be as likely to shift risk, and some measures might actually increase risk exposure. Many of the concepts explored here apply not just to financial decisions, such as those by utility investors, but also to regulatory and utility decision-making in general.
Author :
Publisher :
Page : 252 pages
File Size : 41,46 MB
Release : 1983
Category : Electric utilities
ISBN :
Author : Kurt A. Strasser
Publisher : Praeger
Page : 224 pages
File Size : 24,70 MB
Release : 1989-12-11
Category : Business & Economics
ISBN :
This book proposes a new approach to the government regulation of utilities. Arguing that traditional command-and-control regulation does not encourage efficient performance, Strasser and Kohler advocate the use of an incentive-based regulatory system and offer a practical, realistic strategy for the successful implementation of such plans within the context of utility regulation. The analysis is supported by a comprehensive survey of the relevant legal materials, an overview of the literature on organization theory and institutional economics, and a survey of the latest thinking on how incentives can most effectively be paid. Strasser and Kohler begin by identifying problems associated with current regulatory techniques, demonstrating that disincentives are often built into the regulatory system. When that system has tried incentives, the authors show they have been applied in an ad hoc manner, further exacerbating the problem. In presenting the case for incentive-based regulation, the authors review the history of comprehensive incentive plans, look at what organization theory can teach us about using incentives as a regulatory strategy, and explore the effective use of incentive compensation by nonregulated companies. Strasser and Kohler then develop a strategy for implementing incentive plans in regulated utilities, showing that, in order to work, the plans must include the installation of clearly defined bonuses and penalties, specific standards of performance, the payment of bonuses to managers rather than shareholders, and reliable and complete measures of company performance. Policymakers, economists, public utility regulators, and attorneys involved in the complex arena of utility regulation will find Regulating Utilities with Management Incentives indispensable reading.
Author : Colin Robinson
Publisher : Edward Elgar Publishing
Page : 260 pages
File Size : 45,96 MB
Release : 2001-01-01
Category : Political Science
ISBN : 9781843763000
Every year the Institute of Economic Affairs and the London Business School publish a volume of essays about Britain's system of utility regulation, with additional discussion of regulation in other countries. The book is a must for those interested in regulation, because it is an up-to-date review of the major issues in the field and includes the views of the sector regulators and the general competition authorities.
Author : Christopher Weare
Publisher : Public Policy Instit. of CA
Page : 140 pages
File Size : 33,54 MB
Release : 2003
Category : Business & Economics
ISBN : 1582130647
Author : Michael A. Crew
Publisher : Springer
Page : 0 pages
File Size : 44,36 MB
Release : 2012-10-16
Category : Business & Economics
ISBN : 9781461362029
This book is based on two seminars held at Rutgers on October 22, 1993, and May 6, 1994 entitled `Incentive Regulation for Public Utilities'. These contributions by leading scholars and practitioners represent some of the best new research in public utility economics and include topics such as the theory of incentive regulation, dynamic pricing, transfer pricing, issues in law and economics, pricing priority service, and energy utility resource planning.
Author : United States. Congress. Senate. Committee on Energy and Natural Resources
Publisher :
Page : 72 pages
File Size : 14,14 MB
Release : 1998
Category : Political Science
ISBN :
Author : Michael A. Crew
Publisher : Springer
Page : 209 pages
File Size : 50,12 MB
Release : 1987-06-18
Category : Social Science
ISBN : 1349087149
Author : Silver Mugisha
Publisher : IWA Publishing
Page : 211 pages
File Size : 12,20 MB
Release : 2011-05-14
Category : Science
ISBN : 1843392577
Utility performance, especially in developing countries is still working toward the standard necessary to deliver best practice. Utility Benchmarking and Regulation in Developing Countries examines performance monitoring and regulation as a prominent efficiency enhancement tool and clarifies many of the unknowns regarding the design and approach surrounding the area of utility management. Principles and practices are linked in a way that is informative and accessible, highlighting the challenges facing those who are trying to improve performance in the water sector. Operational settings are complex and unpredictable in developing countries due to inadequate infrastructure planning and this book makes clear which systems work best in these situations. Utility Benchmarking and Regulation in Developing Countries discusses performance monitoring in the critical areas of utility management that achieve sustainable performance goals: Performance development planning Modes of performance monitoring Provocative approaches to incentives creation Monitoring through high incentive plans Customer relations monitoring Pro-poor oriented monitoring Careful use of partial performance indicators Proposed indicators for assessing governance incentives A case study on the National Water and Sewerage Corporation, Uganda is included in the book detailing the difficulties in discerning performance progress based on partial performance indicators. It underlines disparities in basing performance conclusions on partial performance indicators on one hand and aggregate analysis using modern benchmarking toolkits on the other. This is an excellent handbook for utility monitors or regulators whose primary duty is to oversee performance management. It is a valuable resource for decision-makers, analysts, and policy-makers and can be used in capacity-building programs (both in-house and in universities) around the world.