Modern Regulatory Finance: Utilities Cost of Capital

The purpose of Modern Regulatory Finance is to provide the regulatory, investment, financial, and legal communities with a complete, accurate, and easily understandable explanation of the contribution of financial theory toward solving the problem of estimating a company's cost of capital, particularly that of a regulated utility.  Not only is modern financial theory transforming traditional approaches to cost of capital and capital structure determination, but a profound transformation is occurring within the utility industry itself.  This book explains the evolution, meaning, and practical significance of modern financial theory for utility regulation.  It describes the key issues in understanding and using the cost of capital today, taking principles from the world of finance and putting them into the context of ratemaking.   Modern Regulatory Finance is required reading for anyone involved in the practical issues of cost of capital determination in a regulated environment.  It brin