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Imputed Interest Rate for Utility Upheld
Publication year - 1991
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.1002/j.1551-8833.1991.tb07140.x
Subject(s) - interest rate , public interest , commission , debt , loan , economics , actuarial science , floating interest rate , monetary economics , finance , political science , law
A Missouri appellate court ruled that evidence supported the Public Service Commission's imputed rate of interest of 13 percent for a utility's cost of debt, although a loan refinancing commitment used a higher interest rate.