Closing the value gap
Article Abstract:
The return on equity method of measuring financial performance is flawed in that it exaggerates profitability in inflationary environments. Deregulation, short-term stock appreciation and increasing business risks make the development of standards based on real cash profitability more urgent. Thus, utilities must develop their core competencies and diversify into new markets. Utilities should increase their investments in value-enhancing activities and develop gain-sharing arrangements that shall benefit both shareholders and customers.
Publication Name: Electric Perspectives
Subject: Petroleum, energy and mining industries
ISSN: 0364-474X
Year: 1992
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Third-quarter sales down 1.1 percent
Article Abstract:
Electric utilities sold 571.4 million MWH of electric power in the 3rd qtr of 1992. Sales for the 3rd qtr of 1991 was 577.8 million MWH and showed a 1.1% decrease in sales over a 12-month period. The lowered performance was attributed to the cooler weather that prevailed over the US during the summer of 1992. Sales to households dropped by 4.3% from 198 million MWH to 189.4 million MWH over the same 12-month period. Sales to the commercial sectordropped by 0.5% from 174.4 million MWH to 173.6 million MWH.
Publication Name: Electric Perspectives
Subject: Petroleum, energy and mining industries
ISSN: 0364-474X
Year: 1993
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1992 rate increases hit three-year low
Article Abstract:
Investor-owned US electric utility companies received a $2.6 billion in rate increases in 1992, reflecting a 51.3% decrease from the $5.3 billion granted in 1991 and the lowest yearly total approved since 1989. The percentage of requested rate increases approved by regulators fell to 52.9% compared with 68.7% approved in 1991. Authorized rate decreased 11.1% to $194.3 million.
Publication Name: Electric Perspectives
Subject: Petroleum, energy and mining industries
ISSN: 0364-474X
Year: 1993
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