Effective Regulation of Public Utilities
Although theoretically the long term could extend into the infinite future, we believe the Legislature shared our recognition that the clearest of available crystal balls become translucent and eventually opaque as we look further into the future.
Southern California Edison, San Diego Gas & Electric, et al., 1991 Calif. PUC LEXIS 253 (interpreting statutory requirement that a merger produce benefits in both the short and long terms)
Indiana Utility Regulatory Commission: Risks of overcharging ratepayers using "fair value" rate bases
Indiana’s utility statute required rates to reflect “fair value.” Was there a way for the Commission to honor the statute without causing excess return on equity investment?