부산대학교 도서관

This study concludes that the revenues of a large public agency that generates and markets electric power has failed to cover its estimated social costs as required by law. Accounting costs were adjusted to include omitted items of social costs in one revenue-cost comparison. Incremental revenues and costs were also compared. A third comparison used independent estimates of social costs based on the opportunity costs incurred by not shipping the power to surrounding regions over existing transmission facilities. An estimate was made of the power that would be conserved by eliminating the underpricing and a simulation study estimated the postponement in the construction of new generating facilities that the conserved power would make possible. 26 references.