Effective Regulation of Public Utilities
Agencies do not need to conduct experiments in order to rely on the prediction that an unsupported stone will fall.
Associated Gas Distributors v. FERC, 824 F.2d 981, 1027 (D.C. Cir. 1987) (finding that regulators need not conduct factual hearings to learn that monopolists will act in their self-interest)
Wisconsin Public Service Commission: Effect of utility merger on state regulatory powers
