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Public Utility Commission Regulation: Performance, Determinants, and Energy Policy Impacts

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  • Peter Navarro

Abstract

Recent theoretical and empirical research has focused on the effect of public utility commission (PUC) regulation and its associated "regulatory climate" on the cost and availability of capital to regulated investor-owned electric utilities. These studies show that in general, the more unfavorable the regulatory climate, the higher the cost and the less available is external financing to the regulatees in a PUC jurisdiction.

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  • Peter Navarro, 1982. "Public Utility Commission Regulation: Performance, Determinants, and Energy Policy Impacts," The Energy Journal, , vol. 3(2), pages 119-140, April.
    • Handle: RePEc:sae:enejou:v:3:y:1982:i:2:p:119-140
    DOI: 10.5547/ISSN0195-6574-EJ-Vol3-No2-7
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    References listed on IDEAS

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    1. Joskow, Paul L, 1974. "Inflation and Environmental Concern: Structural Change in the Process of Public Utility Price Regulation," Journal of Law and Economics, University of Chicago Press, vol. 17(2), pages 291-327, October.
    2. Kau, James B & Rubin, Paul H, 1979. "Self-Interest, Ideology, and Logrolling in Congressional Voting," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 365-384, October.
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    Cited by:

    1. Timothy Besley & Anne Case, 2003. "Political Institutions and Policy Choices: Evidence from the United States," Journal of Economic Literature, American Economic Association, vol. 41(1), pages 7-73, March.
    2. Marc T. Law & Cheryl X. Long, 2011. "Revolving door laws and state public utility commissioners," Regulation & Governance, John Wiley & Sons, vol. 5(4), pages 405-424, December.
    3. Troy Quast, 2008. "Do elected public utility commissioners behave more politically than appointed ones?," Journal of Regulatory Economics, Springer, vol. 33(3), pages 318-337, June.
    4. Timothy Besley & Stephen Coate, 2003. "Elected Versus Appointed Regulators: Theory and Evidence," Journal of the European Economic Association, MIT Press, vol. 1(5), pages 1176-1206, September.
    5. Paul L. Joskow & Nancy L. Rose & Catherine Wolfram, 1996. "Political Constraints on Executive Compensation: Evidence from the Electric Utility Industry," RAND Journal of Economics, The RAND Corporation, vol. 27(1), pages 165-182, Spring.
    6. Savitski, David W., 2003. "Ownership selection in the US electric utility industry," Utilities Policy, Elsevier, vol. 11(4), pages 203-223, December.
    7. Rode, David C. & Fischbeck, Paul S., 2019. "Regulated equity returns: A puzzle," Energy Policy, Elsevier, vol. 133(C).
    8. Susan R. Smart, 1994. "The Consequences of Appointment Methods and Party Control for Telecommunications Pricing," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 3(2), pages 301-323, June.
    9. Franklin G. Mixon Jr., 2001. "The Impact of Agency Costs on Regulator Compensation and the Size of Electric Utility Commissions," The Energy Journal, , vol. 22(2), pages 17-34, April.
    10. William Boyes & John McDowell, 1989. "The selection of public utility commissioners: A re-examination of the importance of institutional setting," Public Choice, Springer, vol. 61(1), pages 1-13, April.
    11. Marc T. Law & Cheryl X. Long, 2012. "What Do Revolving-Door Laws Do?," Journal of Law and Economics, University of Chicago Press, vol. 55(2), pages 421-436.

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    More about this item

    Keywords

    PUC regulation; Electric utilities; Energy policy;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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