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DRAFT DETERMINATION OF WACC PARAMETER VALUES TO SET. VESTING PRICE FOR 1 JAN 2009 TO 31 DEC 2010. Parameter. Values. Risk Free Rate, rf. 4.04%. Debt Premium ...

http://www.ema.gov.sg/attachments/Consultation/20080723104454_5791_Draft_Determination_of_WACC_parameters_for_1_January_2009_to_31_december_2010.pdf

businesses for the control period 1 July 2005 to 30 June 2010. ... Time series charts. • Regulators estimated WACC. • Market risk premium ...

http://www.utilityconsultants.co.nz/waccwatch-sample.pdf

October 30, 2009 LULULEMON WACC ANALYSIS. 7. SRP. = The size premium based on the firm's equity market capitalization. CSRP = Company specific risk premium ...

http://www.researchconnect.com/WACC_Analysis_Sample.pdf

Debt risk premium: Compared to the end of 2Q08, debt premium in January .... supports a decrease of interconnection rates by 2010. The recommendation was ...

http://about.ovum.com/consulting/telecomsregulation/thoughtleadership/thoughtleadership2.pdf

Risk Premium. 4.91%. Beta. 2.56. WACC. 13.00%. Terminal Beta. 1.78. Terminal WACC. 9.00%. 2002. 2003. 2004. 2005. 2006. 2007. 2008. 2009. 2010 ...

http://pages.stern.nyu.edu/~iag/valuations/NVDA_Valuation.pdf

Terminal WACC. 8.39% CAPM. Terminal Beta. 1. Terminal Growth. 3.00%. Capitalize R&D. Yes. Pro-Forma. Terminal ... 2010. 2011. 2012. Consumer Sales .... Risk Premium. 0.0491. Risk Free. 0.0373. Debt Rating. AAA. Cost of Debt ...

http://pages.stern.nyu.edu/~iag/presentations/2008-2009/JNJ_Valuation.pdf

9 Jan 2010 ... WACC should be the minimum rate of return .... + Risk premium q f p. • r f. = risk-free rate r f risk free rate. – Real rate of return ...

http://cm-mba.bus.ku.ac.th/sheet/Sheet_17/FM/09-01-2010/WACC 2-6-01-53.pdf

CY 2007-2010. Working Capital for Income Tax Payment. WORKING CAPITAL ... 3 Details of each WACC parameter & additional risk premium prepared by Professor ...

http://www.erc.gov.ph/pdf/Expository Hearing 2of2.pdf

risk premium for the last six (6) months, asset beta increased by a. Page 3. 3 factor of a quarter (25%), and set the WACC at the point value of .... the maximum average price for 2010 found in the Final Determination dated ...

http://www.erc.gov.ph/pdf/ERC_CASE_NO.2009-008RC_MECO Application.pdf

reflective levels for all small retail customers by 30 June 2010; .... WACC. This contrasts to the real return proposed by IES in the 2004 determination ... First, the parameters, such as asset beta and market risk premium, ...

http://www.ipart.nsw.gov.au/files/Revised Submission - Frontier Economics analysis on energy costs, retail costs and margins - draft report - Origin Energy - Neville Joyce.PDF

Nominal WACC. Nominal risk free rate. Market Risk Premium plus. Risk free rate ... March 2010. Release of final decision. 1.4 Structure of this paper ...

http://www.ipart.nsw.gov.au/files/Averaging the WACC parameters for the cost of capital - Discussion Paper - 11 November 2009 - APD Website.PDF

Updating the WACC for energy networks: Quantitative analysis. 16. 4. The equity risk premium. 4.1. Methodology. The ERP is the difference between the ...

http://www.energiekamer.nl/images/Oxera Updating the WACC for Energy Networks Quantitative Analysis_tcm7-134570.pdf

particular, EK is cognisant that its methodology for estimating the parameters of the WACC. (notably, the risk-free rate and the debt premium) relies on ...

http://www.energiekamer.nl/images/Oxera - Updating the WACC for energy networks – Methodology paper (concept)_tcm7-133068.pdf

The other key components of the WACC proposed by Eskom are the Market. Risk Premium (MRP) and the Equity beta which are used to calculate the real ...

http://www.nersa.org.za/documents/Electricity/Issues Paper 30 Oct 2009 FINAL.pdf

The net effect of these changes has been to leave the allowed WACC for Heathrow unchanged compared with the CAA ..... appropriate level for the risk premium for regulated utilities. ..... 2008/09 2009/10 2010/11 2011/12 2012/13 ...

http://www.caa.co.uk/docs/5/ergdocs/heatgatnov07/ba_annex4.pdf

2010. These companies may find that their present financial profiles could ..... risk premium and other variables in the WACC values cannot be observed or ...

http://www.pc.gov.au/__data/assets/pdf_file/0008/52667/subdr097.pdf

debt premium used in the regulatory WACC model allows for systematic risk but eliminates premia for default and illiquid assets. Whilst we accept SONI may ...

http://www.niaur.gov.uk/uploads/publications/Soni_Decision_paper_2007_2010.pdf

Indeed if investors require too great a risk premium to ... 16 February 2010. - 2 -. This decision also has implications for the manner in which QRN .... rate in its June 2009 decision on the regulated WACC to apply for The Pilbara ...

http://www.qca.org.au/files/R-2009DAU-QLDTreas-SubQR09DAU-0210.PDF

C Risk Prem iu m. Core Business. Divested Line of Business. Divestiture. Risk Before and After Divestiture of Line of Business. After-Tax WACC Risk Premium ...

http://www.brattle.org/_documents/uploadlibrary/newsletter26.pdf

that the generally used estimate of 0.06 for the market risk premium .... cost of capital (WACC) models associated with them, with the latter ..... Essential Services Commission, 2005, Electricity Distribution Price Review 2006–2010 ...

http://papers.ssrn.com/sol3/Delivery.cfm/acfi_233.pdf?abstractid=1100194&mirid=1

Page 6 of 21. Table 1. Typical Variables used in the WACC Calculation. Risk Free Rate of Return. F. K. 5.45%. Expected Market Risk Premium ...

http://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID933349_code145648.pdf?abstractid=804764&mirid=1

In other words, the market risk premium is likely to be above 6.0%, ...... recommendations of the review are due in the summer 2010. ...

http://www.babcockbrown.com/media/404686/financial investor group_submission to the aer's wacc review.pdf

2010 10-year LTBR, including. 28 June 2002. Required investor return to give$1 ... Market Risk Premium ... Nominal pre tax WACC (reverse transformation) ...

http://www.era.wa.gov.au/cproot/5807/2/Estimating Weighted Average Cost Of Capital (June 2002).pdf

currently approved WACC. Please do not update for any adjustments made as a ... deficiency using 40 percent common equity and a 65 basis points premium relative to the forecast low risk benchmark utility return of 8.45 percent. ...

http://www.bcuc.com/Documents/Proceedings/2010/DOC_24254_B-5-1_PNGW-Resp-to-IR-2-Q-1.pdf

by M Lally - Cited by 2

http://www.aemc.gov.au/Media/docs/Annexure E - Relationship bw Franking Credits and MRP-9978a3be-d31f-450e-92fe-b2737b1f05ec-0.pdf

Company WACC. • Risk-free rate, market-risk premium and underlying index used for beta regression should correspond. ... 2010. 2011 Residual. Revenue ...

http://www.iasb.org/NR/rdonlyres/CDDCB126-1787-4F46-A007-503AE3EC22C8/0/FVM0710b11bobs.pdf

in January 2010 will have precluded suppliers from using actual DUoS tariffs when pricing ... IPM has concerns over the WACC band currently suggested by PwC. ... risk premium that must be included in fixed price fully bundled tariffs. ...

http://www.ofgem.gov.uk/Networks/ElecDist/PriceCntrls/DPCR5/Documents1/IPM Energy Retail - DPCR5 Response - Initial Prop - Non Confidential.pdf

NOTICE OF PUBLIC CONSULTATION – 2010 MAXIMUM RESERVE CAPACITY PRICE ... A full breakdown of the parameter values and calculation of the WACC are provided in ... Real risk free rate of return (%). 3.15. 3.12. Market Risk Premium (%) ...

http://www.imowa.com.au/f175,289423/Microsoft_Word_-_MRCP_2009-10_Notice_of_Public_Consulation_V1_0.pdf

21 Jul 2008 ... risk. A realistic difference in WACC between Openreach and BT Group would ... Credit crunch not expected to ease until 2H2009/2010, due to bank's .... o Sky – may demand premium broadband products from BT to stay ...

http://www.ofcom.org.uk/consult/condocs/openreach/responses/openreachd.pdf

from uncertainty in the estimation of the market risk premium alone is at .... computed by linearly interpolating between the August 2010 and August 2015 ...

http://www.westernpower.com.au/documents/AccessArrangement/2007/Access Arrangement Information/AMENDED_ACCESS_ARRANGEMENT_INFORMATION_-_APPENDIX_4_-_SFG_re.pdf

between maturity and market yield, between the 2010 and 2015 maturities. ... TXU's estimate of the market risk premium for the purposes of this submission ...

http://www.esc.vic.gov.au/NR/rdonlyres/A9F370E0-4569-4F58-B89C-AE3E561C1958/0/TXU_AAIFinal_WACCPaper_26Mar02.pdf

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http://www.people.hbs.edu/besty/Esty_Airbus_Boeing.pdf

by S Gray - Cited by 14

http://espace.uq.edu.au/eserv/UQ:76829/Gray-Hall2006.pdf

Risk Premium. 7.50%. 8.14%. WACC. 8.14%. Growth Assumptions. WACC. Growth Assumptions. 2009. 1.80%. 2009. 1.80%. 2010. 6.18%. 2010. 6.18%. 2010 ...

http://investing.business.uconn.edu/2009_managers/MBA/reports/pep.pdf

debt risk premium. • The AER's draft decision on the WACC is 10.02 % ... The estimated increase in average customer charges in 2010–11 is just over ...

http://www.dtei.sa.gov.au/__data/assets/pdf_file/0006/44637/AER_presentation_Adam_Petersen_re_ETSA_distribution_determination.pdf

Risk free rate (after tax) + (post tax market risk premium x asset beta). ..... commission guidelines on WACC, from 2010/11 Airways asset beta will increase ...

http://www.airways.co.nz/documents/Price Increase proposal 260210 F.pdf

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 .... The market risk premium reflects the long-term difference in the ...

http://www.tu-dresden.de/wwbwleeg/events/enerday/2009/Presentations/Markus.Reichel.pdf

in 2010. In this connection, it should be noted that NKT Cables is about to ..... WACC (historical risk premium). Source: Jyske Bank. Scenario analysis ...

https://jyskebank.com/wps/wcm/connect/341ce68041a34c9d96a3fe39df4aa4c5/328137_030310nkt4q09R.pdf?MOD=AJPERES

we predict a growth of around 5 % in 2010 – 2012 ... Market risk premium = 7.5% (historical average based on NYSE). • WACC = 5.35. • Market value ...

http://geilenkotten.homeunix.org/wikikotten/images/e/e5/FinancialEvaluationcolruyt.pdf

3 Dec 2009 ... determining the debt premium. Out of 29 EDBs, only the largest EDBs have access to the bond ... Electricity Distribution (DNOs) - DPCR4 (2005-2010) .... reward systematic risk,19 as per point no. 1, then the WACC line ...

http://www.comcom.govt.nz/IndustryRegulation/Part4/ContentFiles/Documents/Wellington Electricity Post WACC Workshop Cross Submission.PDF

1250 to 1350 by the end of 2010. We call this a ... cent, a weighted-average cost of capital (WACC) estimated by adding an equity risk premium (ERP) ...

http://mycpf.cpf.gov.sg/NR/rdonlyres/3F29C547-CCA7-4A87-8444-FD738CDA6281/0/RecoveryExpectationsbyDavidNelsonpg16to17.pdf

Calculating beta and the risk premium. WACC (Weighted Average Cost of Capital) .... 5–8 July 2010. Prague, Czech Republic. 5 easy ways to register ...

http://www.euromoneytraining.com/pdf/Corporate Finance - Prague/Corporate Finance, financial training course, Prague, Czech Republic.pdf

ket risk premium, ie. reward for bearing an average amount ..... WACC +5% very high risk. WACC +10%. BUSI 2505e. Monday, February 1, 2010 ...

http://lemma.ca/2505e/pdf/2505e_0201.pdf

August 2010 and August 2015 bonds imply a real risk-free rate of .... Default risk premium. 0.37. Total debt premium. 1.3. Notes: WACC = Cost of equity ...

http://www.yvw.com.au/NR/rdonlyres/4E0A29B8-3395-46F8-887C-0312B0A8BD89/0/wpappendix010weightedaveragecostofcapital1septem.pdf

Proposed January 2010 tariffs are based on futures as at 20 October 2009 .... Appendix 1 – WACC for electricity tariffs. The assumed capital structure .... shown in the table below together with the associated debt risk premium ...

http://www.mra.org.mt/Downloads/Tariffs/12 Final Report - 10 December 2009.pdf

16 Sep 2008 ... 2010. 2011. With Contract Without Contract. 67% Jack Ups on order today ..... WACC Calculation. Risk Free rate. 9.0%. Market Risk Premium ...

http://www.business-standard.com/pdf/aban offshore_stock update_160908.pdf

Transport Business-. Regulatory framework for 2010-2013 period .... Risk free. Beta levered. Market risk premium. Cost of debt. Tax shield (irpeg) ... WACC. STEP 1. Revenues. From RAB. From. Incentives on. 1st period capex ...

http://www.snamretegas.it/portal/pls/portal/docs/1/2100073.PDF

In the former case, an acquisition is possible in 2010, financed with the. Company's own funds. .... Credit risk premium ... WACC -1.0ppt ...

http://www.brebank.pl/images/BreKorpo2/Portal/BinaryEN/2335483/Erbud_171209_eng_2335483.pdf

The market risk-premium equals the historical geometric average of the ... To estimate the WACC for Home Depot we make the following assumptions: ...

http://www.nd.edu/~scorwin/fin40610/HomeDepotExample_v1.pdf

2010 Utah State Tax Commission / Property Tax Division. 6. Equity Rate Models. ● Dividend Growth Model. – Projected Dividend Growth. ● Risk Premium Model ...

http://propertytax.utah.gov/careports/pdfnr/oilgasindday2010.pdf