Should the Discount Rate Change if an Electric Utility is Privatized?

REFERENCES

• Arrow , K. J. and R. C. Lind , “ Uncertainty and the Evaluation of Public Investment Decisions ,” American Economic Review , Vol. 60 , June 1970 , pp. 364 - 378 .
   Web of Science ®Google Scholar
• Bhattacharyya , S. K. and D. J. Laughhunn , “ Price Cap Regulation Can We Learn From the British Telecom Experience? ,” Public Utilities Fortnightly , October 15 , 1987 , pp. 22 - 29 .
   Google Scholar
• Bierman , H. and S. Smidt , The Capital Budgeting Decision , New York , Macmillan , 1980 .
   Google Scholar
• Bierman , H. and S. Smidt , “ A Well-Defined Cost of Capital for Public Utilities ,” Public Utilities Fortnightly , December 10 , 1987 , pp. 24 - 27 .
   Google Scholar
• Dimson , E. , “ The Discount Rate for a Power Station ,” Energy Economics , July 1989 , pp. 175 - 180 .
   Google Scholar
• Dubin , J. A. and P. Navarro , “ The Effect of Rate Suppression on Utilities' Cost of Capital ,” Public Utilities Fortnightly , March 31 , 1983 , pp. 18 - 22 .
   Google Scholar
• Feldstein , M. , L. Dicks-Mireaux , and J. Poterba , “ The Effective Tax Rate and the Pretax Rate of Return ,” Journal of Public Economics , 21 , 1983 , pp. 129 - 158 .
   Web of Science ®Google Scholar
• Spiro , P. S. , “ The Corporate Income Tax and Electric Utilities ,” Public Utilities Fortnightly , Vol. 117 , No. 13 , June 26 , 1986 , pp. 17 - 20 .
   Google Scholar
• Spiro , P. S. , Real Interest Rates and Investment and Borrowing Strategy , New York and London , Greenwood Press , 1989 .
   Google Scholar
• Streiter , Hunt S. , “ Trending the Rate Base ,” Public Utilities Fortnightly , June 10 , 1982 , pp. 40 - 47 .
   Google Scholar