Federal Energy Regulatory Commission Needs to Act on the Construction-Work-in-Progress Issue.
Abstract
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 industry's 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.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 23, 1981
- Accession Number
- ADA106924
Entities
Organizations
- United States Government Accountability Office