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Public Utility Commission Regulation: Performance, Determinants, and Energy Policy Impacts

Recent theoretical and empirical research has focused on the effect of public utility commission (PUC) regulation and its associated "regulatory climate" on the cost and availability of capital to regulated investor-owned electric utilities. These studies show that in general, the more unfavorable the regulatory climate, the higher the cost and the less available is external financing to the regulatees in a PUC jurisdiction.

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Energy Specializations: Electricity – Policy and Regulation

JEL Codes: Q42: Alternative Energy Sources, Q40: Energy: General, Q35: Hydrocarbon Resources, Q38: Nonrenewable Resources and Conservation: Government Policy

Keywords: PUC regulation, Electric utilities, Energy policy

DOI: 10.5547/ISSN0195-6574-EJ-Vol3-No2-7

Published in Volume 3, Number 2 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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