Deck:
Volatile economic conditions push regulators in new directions.
Author Bio:
Phillip S. Cross is Fortnightly’s legal editor. Email him at pcross@pur.com.
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(November 2009) Regulators are in the unenviable position of determining an allowance for ROE that’s fair to consumers and investors in a volatile economy. The cases that stand out this year are those in which regulators explored the limits of their discretion.
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