Electric power regulation in Latin America
Cavers, David F. | Nelson, James R.
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.
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