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Basic Elements for a Comprehensive Concept of Regulatory Risk - Models, Objectives, Process, Cost Concepts and Types of Rate Regulation.- Impact of Rate Regulation on the Risk of a Regulated Firm.- Development of a Regulatory Control Panel - Analysis of Individual Variables of Rate Regulation as Determinants of Regulatory Risk.- Determination of the Regulatory Rate Base.- Market-Based Assessment of the Cost of Capital for a Rate-Regulated Firm.- Conclusions.