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Electric power regulation in Latin America (English)

The economic development of Latin America depends to a great extent on a healthy and expanding electric power industry. For this reason, the World Bank and the United Nations Economic Commission for Latin America have collaborated in the publication of this book which was written by two distinguished experts on the basis of a study by the Harvard Law School for the laws, practice, and administrative systems governing the operation of electric power utilities in Latin America. Particular emphasis was placed in the study on the problem of financing the expansion of these utilities. The authors conclude that the evidence accumulated by the study points to the need to adjust charges for electricity services, whether public or private, so that costs can be fully met and surpluses accumulated from earnings to finance future expansions. These agencies believe that many of the prevailing systems regulating electric power utilities in Latin America are obsolete and are hindrances to the rapid accumulation of capital for expansion which is required by greatly increased power demand in Latin America.

Details

  • Author

    Cavers, David F. Nelson, James R.

  • Document Date

    1959/01/01

  • Document Type

    Publication

  • Report Number

    11172

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Latin America,

    Caribbean,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2010/07/01

  • Doc Name

    Electric power regulation in Latin America

  • Keywords

    electric power industry;per capita consumption of energy;average rate of return;large amount of capital;fixed rate of return;sale of government security;electric industry;cost of capital;electric power enterprise;standard of living;demand for electricity;international credit institution;cost of service;demand for capital;method of production;effect of inflation;private foreign capital;supply of electricity;increase in income;supply of money;domestic private investment;foreign private investment;market for power;impact of inflation;return on investment;foreign private capital;cost of living;investment in electricity;rapid economic development;total energy consumption;consumption of electricity;foreign technical assistance;cost of transit;flow of capital;Type of Investment;rates of exchange;sum of money;result of extensions;initial capital cost;contributions to capital;electric power utility;electricity supply system;electric power company;source capital;foreign exchange rate;cost of electricity;rural population growth;purchasing power parity;federal electricity commission;cost of import;generating capacity;electric rate;public ownership;holding company;regulatory system;private investor;domestic capital;generating plant;private ownership;inflationary pressure;thermal plant;private saving;private finance;national capacity;corrective measure;regulatory practice;common problems;legal staff;electrical energy;regulatory law;residential consumer;social policy;electricity rate;electricity undertaking;historical development;social policies;residential rate;electricity price;corrective action;national economy;power shortage;depreciation allowance;index base;electricity supplier;municipal ownership;foreign currency;Natural Resources;round developments;valley development;government budget;compensatory adjustment;real income;money supply;retail price;gross earnings;emergency situation;public contribution;important contributors;Hydroelectric Power;Exchange Rates;diesel installation;public planning;hydroelectric plant;internal fund;depreciation rate;currency devaluation;exchange position;domestic price;net worth;national electrification;allowable return;domestic law;comparative statistic;gross product;price policy;electricity bill;weighted average;joint financing;installed capacity;municipal enterprise;power facility;capital need;electricity service;domestic financing;adequate supply;engineering study;foreign fund;government credit;foreign expenditure;excise tax;public fund;inflationary economy;local investment;Industrial Policies;industry policy;unregulated enterprise;special provision;financial problem;legal aspect;regulatory requirement;regulated industry;special tax;legal scholar;private company;long-term policies;legal mechanism;extensive study;emergency financing;Business Policy;Borrowing Countries;Economic Studies;economic study;electric utilities;field investigation;urban growth;capital shortage;regulatory principle;capital asset;hydro resources;public domain;public body;public corporation;Water Power;index bond;total output;transit facility;remote power;electrical utility;electric system;geographical region;institutional investment;Capital Investments;residential consumption;brazilian experience;government financing;public power;electricity sector;capital expenditure;urban system;retained earnings;national interest;capital resource;equity capital;hydroelectric development;investment capital;governmental agency;governmental entity;local condition;long-term investment;governmental security;establishing standards;price instability;rapid urbanization;consumer category;national policy;heavy burden;raise funds;cheap electricity;public authority;cost advantage;electric service;raising capital;diesel generator;Economic Policy;private supply;long-term loan;Public Utilities;capital issues;manufactured goods;

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Citation

Cavers, David F. Nelson, James R.

Electric power regulation in Latin America (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/932201468772450249/Electric-power-regulation-in-Latin-America