This article examines how risk is reflected in infrastructure regulatory contracts, using examples from water utilities to illustrate key points. Partnerships between public and private sectors in capital intensive network services require risks to be assigned to the contractual party that is...

This paper describes the constellation of factors affecting infrastructure investments and utility operations. Independent regulatory commissions exercise most direct control over two factors: governance (agency design and processes) and regulatory policies (or incentives). Other factors are...

Networks of sectoral regulatory agencies provide regional public goods (RPGs). In developed and developing countries, the telecommunications, energy, and water sectors have been re-structured (frequently liberalized) and reformed over the past two decades. Often with seed money from...

There are three basic approaches to mitigating this risk; namely, institutional instruments that limit the possibility of government opportunism, financial instruments that decrease financial risk, and investment strategies, such as choosing technologies that may not be cost-minimizing but that...