Federal Energy Regulatory Commission Needs to Act on the Construction-Work-in-Progress Issue.
GENERAL ACCOUNTING OFFICE WASHINGTON DC ENERGY AND MINERALS DIV
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The financial indicators of the electric utility industry have deteriorated due to high inflation, high interest rates, accelerating construction costs, decline in demand, and a less than adequate rate of return. This has led to uncertainty about the industrys ability to attract investment capital. GAO sees the real issues as being whether companies need rate relief to maintain financial integrity, and whether construction programs which depend on such relief are needed to meet future electric energy demands.
- Government and Political Science
- Electric Power Production and Distribution