Una proposta di modifica per lo statuto delle Local Utility dei servizi a rete
Francesco Sperandini ()
Additional contact information
Francesco Sperandini: CEDEC (European Federation of Local Energy Companies), Brussels
Rivista di Politica Economica, 2014, issue 1, 239-251
Local utilities managing grids need more and more means to meet their aims: (i) to maintain the assets’ lifespan over the time; (ii) to upgrade the assets to the state-of-the-art; (iii) to increase the assets to fulfill the new requests in order to universal service. So that it’s essential to minimize the dividend payment because, in this kind of companies, cash is not available for the shareholders: it is predestined and it serves the purpose of rebuilding the grids in the amount of depreciation. Local Utilities, effectively, are not cash cow; the value is captured, over the time, into their assets.Furthermore, the local utilities sector needs long-term investors, not businessmen. The question if it’s better a public operator or a private operator to run the business has no sense.
Keywords: public utilities; regulated industries (search for similar items in EconPapers)
JEL-codes: L43 L51 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:rpo:ripoec:y:2014:i:1:p:239-251
Access Statistics for this article
Rivista di Politica Economica is currently edited by Gustavo Piga
More articles in Rivista di Politica Economica from SIPI Spa
Series data maintained by Sabrina Marino ().