Public Utilities Reports

PUR Guide 2012 Fully Updated Version

Available NOW!
PUR Guide

This comprehensive self-study certification course is designed to teach the novice or pro everything they need to understand and succeed in every phase of the public utilities business.

Order Now


Fortnightly Magazine - February 1 1998

service. Therefore, investors are neutral from a net present value perspective between receiving the return of their capital more quickly, through higher depreciation charges, or receiving the return of their capital over a longer time period. As long as the net present value discount rate equals the investor's cost of capital, from a net present value perspective, the depreciation rates used by the Company are irrelevant."

I trust that the explanation provided will shed light on the depreciation process, but not be misconstrued as a criticism of Dr. Beecher's and Dr. Mann's very informative and sound article.

William C. Schaffer

Public Utility Analyst

Delaware Public Service Commission


Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.