The purpose of Modern Regulatory Finance is to provide the regulatory, investment, financial, and legal communities with a complete, accurate, and easily understandable explanation of the contribution of financial theory toward solving the problem of estimating a company's cost of capital, particularly that of a regulated utility.  Not only is modern financial theory transforming traditional approaches to cost of capital and capital structure determination, but a profound transformation is occurring within the utility industry itself.  This book explains the evolution, meaning, and practical significance of modern financial theory for utility regulation.  It describes the key issues in understanding and using the cost of capital today, taking principles from the world of finance and putting them into the context of ratemaking.  

Modern Regulatory Finance is required reading for anyone involved in the practical issues of cost of capital determination in a regulated environment.  It brings together the latest academic thinking with practical requirements in a real-life context, and the author has used his vast combined experience of advising regulatory bodies and international regulated utility companies to bring readers up to date with current issues.

 The occasionally formidable mathematics are supplanted with verbal intu­itive explanations and easily understood diagrams and practical applica­tions. Technical definitions and equations are kept to a minimum.  Deriva­tions and equations are relegated to appendices and footnotes whenever possible for the convenience of readers interested in such details. For the average reader, however, technical matters are reduced to a minimum, and no special knowledge or educational level is assumed. A rudimentary knowledge of basic accounting, algebra, and time value of money concepts is all that is necessary.  

Details and Features:

AUTHOR: ROGER MORIN


ISBN: 978-0910325-0-59
7 x 10 inches
Hard cover
600 pages
(c) 2021