Selecting a Capital Structure for a Regulated Electric Utility: Some Issues and Directions
The Electricity Journal
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.
J. Robert Malko and Robert Skinner, “Selecting a Capital Structure for a Regulated Electric Utility: Some Issues and Directions,” The Electricity Journal, Vol. 24, N. 7, pg 49-56, August/September 2011.