used and useful

Cost-Recovery for Pre-Approved Projects

Uncertainties remain, but recent cases provide guidance.

Levelized rates can serve customers’ interests, while also accelerating capital investment and providing an economic stimulus to the economy.

Bottling the Genie

Why deregulation is easy and reregulation is hard.

Even with convincing evidence that deregulation has failed to deliver promised benefits, efforts to restore public oversight face tough resistance. The reasons involve policy inertia—and blind faith in free markets.