Smithers & Co report on cost of capital (2003)

Smithers & Co Report (154 pages, PDF) by Stephen Wright, Robin Mason and David Miles for a group of UK economic regulators on the measurement of the cost of capital, particularly for regulated infrastructure utilities. This focuses on the cost of equity rather than debt or gearing issues.

The report's main findings are as follows.

For further information or advice please contact Franck Latrémolière.

Filed under CAA, Ofcom, Ofgem, Ofreg, OFT, Ofwat, ORR, Price controls.

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