Some public service commissions let utilities include construction in progressconstruction dollars spent for projects not yet completedin

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Some public service commission’s let utilities include construction in progress—construction dollars spent for projects not yet completed—in their rate-making asset bases. Other states allow only completed projects to be included.

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Which approach favors shareholders? Why?

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Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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