caa a22 4500 469042826 CHVBK 20180323132816.0 cr unu---uuuuu 170328e19920601xx s 000 0 eng 10.1007/BF00158137 doi (NATIONALLICENCE)springer-10.1007/BF00158137 Due diligence and the demand for electricity: A cautionary tale [Elektronische Daten] [Franklin Fisher, Peter Fox-Penner, Joen Greenwood, William Moss, Almarin Phillips] In 1983, the Washington Public Power Supply System (WPPSS) defaulted on tax-free revenue bonds issued to construct two of its five nuclear power plants. In subsequent litigation, the plaintiffs alleged that the bonds had been fraudulently issued because WPPSS and the other defendants should reasonably have known and disclosed that there was "substantial uncertainty” about the ability to meet the financial obligations created by the bonds. A model using plausible values for demand elasticities, recognized probabilities of events that would increase costs and delay construction and data used by WPPSS to construct demand forecasts for prospective bondholders suggests that such uncertainty was present at the time the bonds were issued. The values for demand elasticities and other parameters of the model were selected after a thorough review of the econometric literature on demand for electricity, beginning with the work of Fisher and Kaysen in 1962. Kluwer Academic Publishers, 1992 Demand forecasting nationallicence demand for electricity nationallicence electric utilities nationallicence price elasticities nationallicence Fisher Franklin Massachusetts Institute of Technology, 50 Memorial Drive, E52-359, Cambridge, MA, U.S.A. aut Fox-Penner Peter Charles River Associates, 200 Clarendon Street, 02116, Boston, MA, U.S.A. aut Greenwood Joen Charles River Associates, 200 Clarendon Street, 02116, Boston, MA, U.S.A. aut Moss William Putnam, Hayes & Bartlett, One Memorial Drive, 02142, Cambridge, MA, U.S.A. aut Phillips Almarin University of Pennsylvania, Steinberg-Dietrich Hall, 3620 Locust Walk, 19104-6372, Philadelphia, PA, U.S.A. aut Review of Industrial Organization Kluwer Academic Publishers 7/2(1992-06-01), 117-149 0889-938X 7:2<117 1992 7 11151 https://doi.org/10.1007/BF00158137 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00158137 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Fisher Franklin Massachusetts Institute of Technology, 50 Memorial Drive, E52-359, Cambridge, MA, U.S.A aut NATIONALLICENCE 700 1- Fox-Penner Peter Charles River Associates, 200 Clarendon Street, 02116, Boston, MA, U.S.A aut NATIONALLICENCE 700 1- Greenwood Joen Charles River Associates, 200 Clarendon Street, 02116, Boston, MA, U.S.A aut NATIONALLICENCE 700 1- Moss William Putnam, Hayes & Bartlett, One Memorial Drive, 02142, Cambridge, MA, U.S.A aut NATIONALLICENCE 700 1- Phillips Almarin University of Pennsylvania, Steinberg-Dietrich Hall, 3620 Locust Walk, 19104-6372, Philadelphia, PA, U.S.A aut NATIONALLICENCE 773 0- Review of Industrial Organization Kluwer Academic Publishers 7/2(1992-06-01), 117-149 0889-938X 7:2<117 1992 7 11151 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer