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		<title>The Cost of Equity in Muni Utility Rates</title>
		<link>http://www.stepwiseadvisors.com/the-cost-of-equity-in-muni-utility-rates</link>
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		<pubDate>Tue, 08 Sep 2009 01:44:57 +0000</pubDate>
		<dc:creator>Jason Mumm</dc:creator>
				<category><![CDATA[Publications]]></category>
		<category><![CDATA[cost of capital]]></category>
		<category><![CDATA[return]]></category>
		<category><![CDATA[return on rate base]]></category>
		<category><![CDATA[sewer rates]]></category>
		<category><![CDATA[water rates]]></category>

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		<description><![CDATA[The cost of equity is an often overlooked aspect of water and sewer rate setting.  It isn't always relevant to the rate setting situation, but when it is it is extremely important and most so-called experts get it wrong.  This article explains the cost of equity, and some of our approach to quantifying it.]]></description>
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