1998 ROE Rate Case Survey

Fortnightly Magazine - December 1998
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States continue to set ROE in price cap plans, stranded cost hearings, and some merger reviews.

In spite of a decline in the frequency of traditional utility rate cases, regulators at the state public utility commissions still have occasion to fix a target rate of return on common equity (em or ROE (em as a benchmark to determine what level of earnings is appropriate in a given setting.

DC PSC RFP Technical Consultant for Formal Case (FC) No. 1156

And, as regulators in one state will often view an ROE set by a sister commission as the most reliable evidence of what should be reasonable in their own case, Public Utilities Fortnightly here revives a past feature for at least one more go-round: a survey of recent PUC determinations of ROE allowances for electric and gas distribution utilities.

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