Although they agreed to review next year the methodology used in calculating authorized profit levels for the energy utilities they oversee, California’s five regulators Thursday unanimously agreed to increase returns-on-equity (ROE) for the three major electric or combination utilities. The action drew a lot of commentary from the five members of the California Public Utilities Commission, which reviews the utilities’ so-called “cost-of-capital” annually at the end of each calendar year.
Tag / Calculating
SubscribeCalculating
Articles from Calculating
Keyspan Overestimated LIPA Power Needs by More Than $50M
KeySpan Corp. last Tuesday said that the company made an error in calculating the Long Island Power Authority’s (LIPA) electric system requirements from newly installed peaking units, leading to a systems requirement overestimate of approximately $55 million to $65 million.
December 2, 2002