Discount rates and returns on equity
Journal Article
·
· Public Utilities Fortnightly; (United States)
OSTI ID:5176061
- Baltimore Gas and Electric Co., MD (USA)
This articles examines the intricacies of the relationship between the discount rate of utility investors and a utility's rate of return on common equity - including the conditions under which they coincide and under which they diverge from each other. The primary inquiry is the utility's cost of equity, but the insights gained from this examination can be useful in determining the rate of equity return that should be authorized to maintain specified interest coverage levels and specified bond ratings.
- OSTI ID:
- 5176061
- Journal Information:
- Public Utilities Fortnightly; (United States), Journal Name: Public Utilities Fortnightly; (United States) Vol. 125:3; ISSN 0033-3808; ISSN PUFNA
- Country of Publication:
- United States
- Language:
- English
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