Edward F. Renshaw
Abstract
This article makes an argument that a more-explicit dividend growth path for mature electric utilities that is backed up and supported by an automatic capital-cost adjustment clause could benefit both consumers and existing shareholders by lowering the cost of capital and saving real resources. 10 references, 2 tables.
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This article makes an argument that a more-explicit dividend growth path for mature electric utilities that is backed up and supported by an automatic capital-cost adjustment clause could benefit both consumers and existing shareholders by lowering the cost of capital and saving real resources. 10 references, 2 tables.
Key concepts: Dividend, Argument (complex analysis), Capital (architecture), Shareholder, Path (computing), Economics, Cost of capital, Business