Description: I The Institutional Setting for Rate of Return Determination.- 1 Rate of Return in Rate Cases: The Institutional Setting.- 2 Earned Rates of Return, Allowed Rates of Return and the Cost of Capital in a Historical Setting.- II Theory of Rate of Return Determination.- 3 Traditional Models: DCF and Comparable Earnings.- 4 Traditional Models: CAPM and Risk Analysis.- 5 Recent Models: Arbitrage Pricing Theory.- 6 Recent Models: Valuation of Contingent Claims and Regulation.- 7 Issues in the Theory of Rate of Return.- III Methodologies for Rate of Return Determination.- 8 Methodology of Comparable Earnings and DCF.- 9 The Methodology for Risk Analysis.- 10 Methodology of Arbitrage Pricing Theory.- 11 Issues in Methodology for Determining the Rate of Return.- IV Judgment and Rate of Return Determination.- 12 The Past and the Present: Adapting to Change.- 13 Factors Not Incorporated into the Models.- 14 The Reliability of Rate of Return Judgment.- 15 Beyond Rate of Return Regulation.- References.- List of Symbols.

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