Limit search to available items
Book Cover
E-book
Author Beecher, Janice A., author.

Title Risk principles for public utility regulators / Janice A. Beecher and Steven G. Kihm
Published East Lansing : Michigan State University Press, [2016]

Copies

Description 1 online resource
Series Public utility regulation : theory, principles, and practice
Public utility regulation (East Lansing, Mich.)
Contents Intro -- Contents -- Acknowledgments -- Introduction -- Risk Principles -- Appendix 1. Beta Coefficients for Selected Regulated, Formerly Regulated, and Related Market Sectors (2015) -- Appendix 2. Key Court Decisions Regarding Risk -- Glossary -- Notes -- References
Summary Risk and risk allocation have always been central issues in public utility regulation. Unfortunately, the term "risk" can easily be misrepresented and misinterpreted, especially when disconnected from long-standing principles of corporate finance. This book provides those in the regulatory policy community with a basic theoretical and practical grounding in risk as it relates specifically to economic regulation in order to focus and elevate discourse about risk in the utility sector in the contemporary context of economic, technological, and regulatory change. This is not a "how-to" book with regard to calculating risks and returns but rather a resource that aims to improve understanding of the nature of risk. It draws from the fields of corporate finance, behavioral finance, and decision theory as well as the broader legal and economic theories that undergird institutional economics and the economic regulatory paradigm. We exist in a world of scarce resources and abundant uncertainties, the combination of which can exacerbate and distort our sense of risk. Although there is understandable impulse to reduce risk, attempts to mitigate may be as likely to shift risk, and some measures might actually increase risk exposure. Many of the concepts explored here apply not just to financial decisions, such as those by utility investors, but also to regulatory and utility decision-making in general
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Public utilities -- Risk management
BUSINESS & ECONOMICS -- Infrastructure.
SOCIAL SCIENCE -- General.
Form Electronic book
Author Kihm, Steven G., author.
ISBN 9781609174910
1609174917