(September 2007) The impact of dividend policies, capital expenditures, and publicly traded equities highlights an in-depth look at what goes into the modified Dupont Model behind the ...
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utilities aren’t being dragged kicking and screaming.”
Conflicts seem inevitable, however, as the costs of adapting translate into higher retail rates. Financial returns increasingly will depend on utilities’ ability to convince regulators and customers that rates should make utilities whole for lost revenues—and also pay the freight for the industry’s strategic and operational transition.