BEECHER - NAWC

Water ComparedAooendix CTable C-2Performance-Based Regulation as of October 1997State Year Inflation Adjust- Revenue Service Length of Length Infraplanin Index ment profit Quality freeze on of plan structureeffect (%) sharing Penalty basic InvestservicesmentAlabama 1995 GDPPI 3.0 No Yes. Up 5 years No limit Noto .8%additionto adjustmentfactorAlaskaArizonaNoneNoneArkansas 1997 GDPPI 15%of No No 3 years No limit Nocurrentrates or.75%GDPPICalifornia 1994 GDPPI 5.0 Yes No 4 years 3 years NoColorado 1995 GDPPI up to Yes Yes 5 years 5 years No5.0Connecticut 1996 GDPPI 5.0 No Yes 2 years No limit NADelaware 1994 GNP PI 3.0 No No 2 years 4 years 250~ by1998District of 1996 GDPPI 3.0 No No 4 years No limit 4Mto edColumbiainfrastructureFlorida 1995 GDPPI 1.0 Yes, to No 6 years No limit No1998Georgia 1995 GDPPI 3.0 No No 5 years No limit 2 billionby2000HawaiiIdahoNoneAll services other than basic local exchange are deregulated.Illinois 1995 GDPPI 4.3 No Yes, up 4 years 4 years 3 billionto 2.0by2000Indiana 1994 None None No No 4 years 4 years 150M byCaps 1999NAWC 145 September 1998