In this issue of "Terzic on Strategy," Branko Terzic, U.S. and Global regulatory policy leader, Energy & Resources, Deloitte Services LP, discusses "The Parmenides Fallacy," which “compares present states of affairs not with each other (the worlds that would be actual today if we had acted differently in the past), but with the past,” writes Professor Phillip Bobbitt of Columbia University in Terror and Consent: The Wars for the Twenty-First Century (Knopf, New York 2008). For the regulated utilities industry, Terzic suggests the test should not be whether rates are lower or higher today than they were 10 years ago. Instead, the test should be whether rates today under restructuring are higher or lower than they would be today had the state retained cost-of-service regulation for electricity production.

For the full column, download the PDF below. This article is republished with permission from New Power Executive.