Canadian Electricity Exports, Capital Costs, and US Trade Policy
This paper examines the debate on capital costs for publicly owned electric utilities in Canada, especially the effect of government guarantees on hydro borrowing. An examination of the borrowings of Hydro-Quebec and 46 American utilities from 1980-86 shows no significant effect of the provincial guarantee on Hydro-Quebec's interest rates during this period.
With the use of data and concrete examples, such as ::: a mini-case study, and a focus on the top 20 global players, this ::: thesis aims at tackling Capex issues in the telecom industry by ::: covering: – Uses, levels, inefficiencies in Capex management, ::: notably via insider perspective, and their impacts on capital ::: allocation; – Financing of Capex via debt and the recent ::: development of asset monetization; – Specific trends (NSA, VNOs) ::: and M&A in the telecom industry and their impacts on Capex, via ::: the case study of the French SFR-Numericable ::: transaction.