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Public Utilities Reports

PUR Guide 2012 Fully Updated Version

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Risk factors

Return on Equity: A Survey of recent PUC Rulings

A Survey of Recent PUC Rulings
Phillip S. Cross

A Survey of Recent PUC Rulings

With most restructuring efforts at a standstill in the energy industry, state public utility commissions (PUCs) have tended to shift their attention back to the art and science of ratemaking. For electric and gas utilities, that has meant a renewed emphasis on the mechanics of setting a maximum allowed rate of return on common equity (ROE).