11 Impact of Decoupling on ROE  Rate design change decouples return recovery from commodity sales volumes.  The symmetrical nature of decoupling dec
{"Image DocumentName": "Impact of Decoupling on ROE", "Image ImageDescription": "Rate design change decouples return recovery from commodity sales volumes. The symmetrical nature of decoupling decreases over-earning at the same time that it lessens under-earning. Company is not sheltered from impact of increased costs. Decoupling does not provide a guarantee that company will achieve its authorized ROE. Peer group for cost of capital determination may already include companies with innovative rates. Factors determining cost of capital generally don\u2019t include rate design. No company accepted a decreased ROE in return for decoupling.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}