Recent theoretical and empirical research has focused on the effect of public utility commission (PUC) regulation and its associated "regulatory climate" on the cost and availability of capital to regulated investor-owned electric utilities. These studies show that in general, the more...

Over the next several decades, Japan and the United States will pursue dramatically different nuclear power strategies. In the United States, no new reactors have been ordered since 1978, and no U.S. utility is seriously planning any new construction. In contrast, Japanese utilities aggressively...