The Economic and Social Regulation of Public Utilities

Author: Judith Clifton
Publisher: Routledge
ISBN: 1317981626
Format: PDF, ePub
Download Now
Utilities have long been essential for societies, supplying basic services for nations, organizations and households alike. The proper functioning and regulation of utilities is therefore critical for the economy, society and security. History provides an invaluable insight into important issues of the economic and social regulation of utilities and offers guidance for future debates. However, the history of utility regulation – which speaks of changing, diverse and complex experiences around the world – was sidelined or marginalised when economists and policy-makers enthusiastically embraced the question of how to reform the utilities from the 1970s. This book examines in depth the complex regulation and deregulation of energy, communications, transportation and water utilities across Western Europe, the United States, Australia, Brazil, China and India. In each case, attention is drawn to the changing roles of the state, the market and firms in the regulation, organization and delivery of utility services. This book was originally published as a special issue of Business History.

Risk Principles for Public Utility Regulators

Author: Janice A. Beecher
Publisher: MSU Press
ISBN: 1628952644
Format: PDF, ePub
Download Now
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.

Incentive Regulation for Public Utilities

Author: Michael A. Crew
Publisher: Springer Science & Business Media
ISBN: 1461527821
Format: PDF, Mobi
Download Now
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.

Regulatory Reform of Public Utilities

Author: Fumitoshi Mizutani
Publisher: Edward Elgar Publishing
ISBN: 1781953619
Format: PDF, ePub
Download Now
Covering issues such as deregulation, privatization, organizational reforms, and competition policy, Regulatory Reform of Public Utilities provides a comprehensive summary of regulatory reforms in Japanese public utility industries. Fumitoshi Mizutani expertly explores the main regulatory structures and regulatory reforms in eight Japanese public utility industries: electric power, gas utility, water supply, railways, local bus, postal services, telecommunications, and broadcasting. There are also separate chapters on yardstick regulation, universal service obligations, privatization and structural reforms, and private sector involvement Ð all important issues in Japanese regulatory reform. This unique study reveals that regulatory reform in Japan has distinctive features. It seeks to fill the information gap and widen understanding in the international community in relation to the Japanese experience with regulation and reform of public utility industries. This informative book will prove invaluable to postgraduate students, policymakers, and researchers in fields such as regulation, empirical industrial organization, and public policy.

Regulating Public Utility Performance

Author: Scott Hempling
Publisher: Amer Bar Assn
ISBN: 9781627222921
Format: PDF, Mobi
Download Now
Organizing a century of legal principles to help the U.S. public utility industry resolve tensions created by the current legal boundaries of legal regulation and fashion new policies for the future. Its mix of case narratives and doctrine, drawn from all legal sources, is geared to lawyers and non-lawyers, veterans and novices, practitioners and decision-makers, academics and the media anyone seeking to use the law to serve the public interest. Topics covered include market structure, pricing, and jurisdictional issues."

The Institutionalist Approach to Public Utilities Regulation

Author: Edythe Stern Miller
Publisher: MSU Press
ISBN:
Format: PDF
Download Now
For the past several decades, a climate of deregulation has encompassed industries ranging from public utilities to mass transportation. Harry Martin Trebing has been at the forefront of this debate as one of the foremost specialists in the world in the field of public utility regulation. Warren J. Samuels and Edythe S. Miller have collected a series of articles that assess Harry Trebing's theories on public utility regulation while examining his towering contribution to the field.