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Under what conditions does cost-of-service regulation lead firms to distort costs? This paper analyzes changes in fuel …-level legislation that ended cost-of-service regulation among investor-owned electric utilities in the late 1990s. I construct a … under cost-of-service regulation. I then show that the drop in the price of coal is associated with a reallocation of …
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following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated …
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following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated …
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