This articles uses an infinite growth model to estimate the cost of equity capital for electric utilities for the period 1958-1976. The infinite growth model permits the development of a simple linear regression relating market-price-to-book-value-ratios to rates of return. From this regression,...

Some important conceptual problems concerning the application of chance constrained programming (CCP) to risky practical decision problems are discussed by comparing CCP to stochastic programming with recourse (SPR). We expand on Garstka's distinction between mathematical equivalence and...

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...