The Experts below are selected from a list of 216 Experts worldwide ranked by ideXlab platform
Mark S. Johnson - One of the best experts on this subject based on the ideXlab platform.
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Stranded Costs and Competitive Forces in the Electric Utility Industry
Journal of Accounting Auditing & Finance, 1997Co-Authors: Walter G. Blacconiere, Marilyn F. Johnson, Mark S. JohnsonAbstract:It is likely that deregulation of the electric Utility Industry will force high-cost electric utilities to write off the “stranded” cost of plant and equipment that would be rendered obsolete in a competitive marketplace. In this paper, we examine the financial statement analysis implications of ongoing deregulation. Based on 1993 data for a sample of 111 large investor-owned electric utilities, our analyses suggest that it is possible to use financial statement data to form estimates of these potentially stranded costs. In addition, we find that recent trends toward deregulation are associated with an increase in the significance of the firm's cost structure in explaining the relation between market values and book values of equity.
Lawrence J. White - One of the best experts on this subject based on the ideXlab platform.
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Discussion: “Stranded Costs and Competitive Forces in the Electric Utility Industry”
Journal of Accounting Auditing & Finance, 1997Co-Authors: Lawrence J. WhiteAbstract:Stranded costs in the electric Utility Industry—the past costs incurred by incumbent utilities that could not be recovered in a competitive market environment—have been a troubling and troublesome policy issue for electricity deregulation. Although electricity deregulation surely would have proceeded slowly in any event,1 the stranded cost question— who (customers? shareholder-owners?) will absorb the losses in the forthcoming competitive environment?—has clearly slowed the process even further.
Walter G. Blacconiere - One of the best experts on this subject based on the ideXlab platform.
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Stranded Costs and Competitive Forces in the Electric Utility Industry
Journal of Accounting Auditing & Finance, 1997Co-Authors: Walter G. Blacconiere, Marilyn F. Johnson, Mark S. JohnsonAbstract:It is likely that deregulation of the electric Utility Industry will force high-cost electric utilities to write off the “stranded” cost of plant and equipment that would be rendered obsolete in a competitive marketplace. In this paper, we examine the financial statement analysis implications of ongoing deregulation. Based on 1993 data for a sample of 111 large investor-owned electric utilities, our analyses suggest that it is possible to use financial statement data to form estimates of these potentially stranded costs. In addition, we find that recent trends toward deregulation are associated with an increase in the significance of the firm's cost structure in explaining the relation between market values and book values of equity.
Marilyn F. Johnson - One of the best experts on this subject based on the ideXlab platform.
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Stranded Costs and Competitive Forces in the Electric Utility Industry
Journal of Accounting Auditing & Finance, 1997Co-Authors: Walter G. Blacconiere, Marilyn F. Johnson, Mark S. JohnsonAbstract:It is likely that deregulation of the electric Utility Industry will force high-cost electric utilities to write off the “stranded” cost of plant and equipment that would be rendered obsolete in a competitive marketplace. In this paper, we examine the financial statement analysis implications of ongoing deregulation. Based on 1993 data for a sample of 111 large investor-owned electric utilities, our analyses suggest that it is possible to use financial statement data to form estimates of these potentially stranded costs. In addition, we find that recent trends toward deregulation are associated with an increase in the significance of the firm's cost structure in explaining the relation between market values and book values of equity.
Barbara C. Mcnurlin - One of the best experts on this subject based on the ideXlab platform.
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EPRINET: leveraging knowledge in the electric Utility Industry
MIS Quarterly, 1991Co-Authors: Marina M. Mann, Richard L. Rudman, Thomas A. Jenckes, Barbara C. McnurlinAbstract:This article describes the use of information technology to leverage knowledge-knowledge in the form of pioneering research and development work in the electric Utility Industry, managed by the Electric Power Research Institute (EPRI).EPRI si the R&D consortium for the U.S. electric Utility Industry. In 1984, EPRI embarked on building EPRINET, a state-of-the-art electronic communication and delivery system. This effort coincided with EPRI expanding its mission to encompass not only management of R&D projects but also delivery of its information and expertise. This article describes the lessons that EPRI has learned about managing such a large systems effort while the organization is in the midst of making cultural changes.
