The FERC Discounted Cash Flow: A Compromise in the Wrong Direction
9 July 1987
By Dr. Jeff Makholm with C. J. Cicchetti
The authors discuss variants of the Discounted Cash Flow (DCF) discussed by the FERC in its generic cost of capital proceedings.
This article was published in Public Utilities Fortnightly, July 9, 1987. pp. 11-15.
