Selecting a Capital Structure for a Regulated Electric Utility: Some Issues and Directions

Document Type

Article

Journal/Book Title/Conference

The Electricity Journal

Volume

24

Issue

7

Publication Date

2011

First Page

49

Last Page

56

Abstract

The selection of a balanced capital structure plays a significant role in the ability of an electric utility to raise financial capital on reasonable terms. A framework is presented that demonstrates the importance of selecting an appropriate capital structure based on risk considerations for analyzing and evaluating the estimation of the cost of common equity for a regulated electric utility.

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