Revisiting Republic v. Meralco, the public utility definition, and the reasonable rate of return
Per Republic of the Philippines v. ManilaElectricCo., administrative and judicial pronouncements have held that the reasonable rate of return for purposes of public utility regulation is 12%. This is at odds with financial economics precepts which dictate that opportunity cost or the weighted averag...
| Published in: | Philippine Law Journal Vol. 92, no. 2 (Jul. 2019), 214-237 |
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| Format: | Article |
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2019
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