Deck:
Rate case risk in a climate of declining sales.
Author Bio:
Phillip S. Cross is Fortnightly’s legal editor. Email him at pcross@pur.com
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A review of electric and natural gas rate cases decided over the past 12 months shows state utility regulators struggling to balance the interests of ratepayers and investors in an economy that continues to put pressure on both. A major factor in many cases was a decline in actual retail energy sales—whether attributable to the depressed economy or efforts to promote conservation and energy efficiency.
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