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- W1155322 abstract "In this review of the current state of regulatory lag as experienced by most investor-owned public utilities, the author examines both the effects of this experience upon their financial performance and the more significant of the methods resorted to for reducing regulatory lag and for avoiding or alleviating its effects where it continues. Regulatory and legislative efforts lately (in the seventies) have dealt with these mechanisms: fuel cost adjustment clauses; cost-of-service indexing; use of the forward test-year concept; normalized accounting and construction work in progress in rate base; interim or emergency rate increases; and help from the courts. Regulatory lag here refers to the delays imposed, due to the legal requirements of regulatory proceedings, upon utility efforts to make rates and revenues track significant cost changes. The author concludes that ultimately the solution may depend on how well regulators, legislators, and consumers come to understand that eliminating regulatory lag is in the interest of the consumer as well as that of the utility. (MCW)" @default.
- W1155322 created "2016-06-24" @default.
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- W1155322 date "1977-06-23" @default.
- W1155322 modified "2023-09-26" @default.
- W1155322 title "Regulatory lag currently" @default.
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