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- Title
Stipulated settlements, the consumer advocate and utility regulation in Florida.
- Authors
Littlechild, Stephen
- Abstract
US utility regulation is evolving. Negotiated or stipulated settlements have begun to replace or supplement litigation, but relatively little seems to be known about this practice. This paper presents evidence from Florida. During 1976–2002, 30% of earnings reviews were settled by stipulations involving the Office of Public Counsel but only 7% of company requests. The mean value of a rate reduction was eight times larger with a stipulation than without; the median value was more than 50 times larger. Over three quarters of the rate reductions associated with earnings reviews derived from these stipulations; excluding one exceptional case the proportion was 94%.
- Subjects
UNITED States; ACTIONS &; defenses (Law); TRIAL practice; LEGAL procedure; CIVIL procedure; STIPULATIONS (Pre-trial procedure); COMPLEX litigation; BILLS of particulars; LIBEL &; slander; ACTIONS on the case
- Publication
Journal of Regulatory Economics, 2009, Vol 35, Issue 1, p96
- ISSN
0922-680X
- Publication type
Article
- DOI
10.1007/s11149-008-9071-2