Asset Management and the Structure of the Utility

Interesting paper by Janice Deecher - What matters to performance?  Structural and institutional dimensions of water utility governance - Link.

This is a great table from the paper.  The context is the mitigation effects of economic regulation.

	Private Sector	Public Sector	Regulations
Orientation	Profits	Politics	Public Interest
Goal	Maximizing Returns	Controlling Prices	Balancing Interests
Investment	Overinvestment	Underinvestment	Prudent Investment
Financing	Equity Markets	Bond Market	Capital Structure
Pricing	Overpricing	Underpricing	Efficient Pricing
Risk	Socialization	Avoidance	Allocation
Governance	Shareholders	Councils	Commission
Clientele	Customers	Voters	Ratepayers
Accountability	Boards	Elections	Due Process