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The changes in public utility regulation over the past 30 years have been impressive, with market-based approaches and competition now playing a major role in the electric, natural gas, and telecommunications industries. © 2011 Elsevier Inc.

Makholm J.D.,NERA | Ros A.J.,NERA | Collins S.C.W.,NERA
Electricity Journal | Year: 2012

Three analyses may prove useful to utility-industry stakeholders as performance-based regulation evolves over the coming years. One measures average long-run total factor productivity growth for U.S. electricity distributors. The second surveys PBR plans from the U.S. and Canada for the past two decades. The third suggests ways in which regulators can incorporate "trackers" into PBR plans to deal with particular and ongoing cost items not traditionally covered by PBR plans. © 2012 Elsevier Inc.

Gordon K.,NERA | Olson W.P.,NERA | Strunk K.G.,NERA
Electricity Journal | Year: 2011

Because of their investment in long-lived assets with little value in alternative uses, special attention to meeting the terms of the regulatory compact is appropriate. This need not always take the form of full-blown rate cases-there are more targeted tools as well. Targeted and formula-based approaches can play a role in setting just and reasonable rates, based on prudently incurred costs. © 2011 Elsevier Inc.

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