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Financing the Energy Industry




A 1974 report to the Energy Policy Project of the Ford Foundation which estimates the capital investment outlays of the petroleum and electric utility industries and determines how these outlays are to be financed. Seeks to ascertain the extent to which financing problems might threaten the ability of the energy industry to meet demands placed upon it.

Hass, Jerome E. et al.
1974
149 pages


Table Of Contents
List Of Figures
List Of Tables
Foreword
Authors' Preface
Preface
Authors' Note
Chapter One Summary
1.1 Book Objective and Coverage
1.2 Capital Expenditure Projections
1.3 Dependency on External Capital Markets
1.4 Specific Conclusions on Petroleum Industry
1.5 Specific Conclusions on Electric Utility Industry
1.6 Meeting the Capital Demands of the Energy Industry—The Real Problems
Notes To Chapter One
Chapter Two the Capital Demands of the Energy Industry: Scope and Scenario
2.1 The Energy Sector
2.2 The Scenario
2.3 The Importance of Capital in the Energy Industry
Chapter Three Financing the U.S. Petroleum Industry
3.1 Views of the Capital "Crunch"
3.2 Providing Capital in Free Markets
3.3 Providing Capital Under Price Restrictions
3.4 Summing Up the Qualitative Analysis
3.5 Future Capital Expenditures in the U.S. Petroleum Industry
3.6 External Financial Demands of the Petroleum Industry Compared to The Funds Available 1972-1985
3.7 Postscript on a Recent Study of Petroleum Industry Financing
3.8 The Rate of Return on Capital
Notes to Chapter Three
Chapter Four the Electric Utility Industry
Part I. the Industry and Its Structure
Part II. the Capital Needs of the Investor-Owned Electric Utility Industry
Part III. Meeting the Capital Needs of the Investor- Owned Electric Utilities: General Overview
Part IV. Meeting the Capital Needs of the Electric Utility Industry: Specific Projections
Notes to Chapter Four
Chapter Five Other Energy Industry Sectors
5.1 Introduction
5.2 Natural Gas Transmission and Distribution
5.3 Coal Production and Transportation
5.4 Nuclear Fuel Industry
5.5 Summary
Notes to Chapter Five
Chapter Six the Capital Demands and External Dependency of the Total Energy Industry
6.1 Introduction
6.2 Capital Investment Analysis
6.3 External Financing Analysis
6.4 Comparisons with Other Studies
Notes to Chapter Six
Appendix a Estimated Capital Expenditures of the Electric Utility Industry
A.1 Introduction
A.2 Step 1: Production Capacity Growth and Mix
A.3 Step 2: the Costs of Capacity Expansion
A.4 Step 3: Aggregate Expenditure Estimation
Notes to Appendix A
Appendix B the Model for Projecting Financing and Other Financial Statement Variables
B.1 Introduction
B.2 Input Requirements
B.3 Model Output
B.4 Model Structure
B.5 Projection of Assets and Depreciation
B.6 Projection of Financing Volume
B.7 Financing Composition
B.8 Earnings and Financing Costs
B.9 The Logic of Year-To-Year Projections
Appendix C Historical and Projected Financial Statement for the Electric Utility Industry
C.1 Introduction
C.2 The Key Ratios
Index
About the Authors