# **TABLE 4**

||Residential<br>Conn.per<br>Employee|Energy Sold<br>per<br>Employee|Distribut.<br>Losses|Coverage|Energy Sold<br>per Conn.|Duration<br>of<br>interrupt's|Frequency<br>of<br>interrupt's|OPEX per<br>Connection<br>(in dollars)|OPEX per<br>MWH sold<br>(in dollars)|Avg Resid.<br>Tariff<br>(in dollars)|Avg Indust.<br>Tariff<br>(in dollars)|Cost<br>Recovery<br>Ratio|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||(1)|(2)|(3)|(4)|(5)|(6)|(7)|(8)|(9)|(10)|(11)|(12)|
|Dummy Transition of|0.131***|0.169***|0.043***|-0.011***|0.065***|-0.014|0.032|-0.314|-0.352|0.042**|0.064***|-0.005|
|PSP|(0.012)|(0.014)|(0.013)|(0.002)|(0.003)|(0.032)|(0.037)|(0.223)|(0.224)|(0.019)|(0.023)|(0.059)|
|Dummy Post Transition|0.045***|0.015|-0.131***|0.003*|0.003|-0.295***|-0.348***|-0.142***|-0.089**|-0.019**|-0.031|0.192***|
|of PSP|(0.008)|(0.010)|(0.012)|(0.002)|(0.005)|(0.024)|(0.023)|(0.034)|(0.036)|(0.009)|(0.021)|(0.050)|
|Existence of Regulatory|0.177***|0.167***|-0.045***|0.004*|-0.031***|-0.210***|-0.190***|-0.387***|-0.320***|0.145***|-0.047**|0.125***|
|Agency|(0.010)|(0.012)|(0.009)|(0.002)|(0.005)|(0.028)|(0.029)|(0.051)|(0.056)|(0.016)|(0.021)|(0.032)|
|Utility FE|Yes|Yes|Yes|Yes|Yes|Yes|Yes|Yes|Yes|Yes|Yes|Yes|
|Utility Specific<br>Time trend|Yes|Yes|No|Yes|No|No|No|No|No|No|No|No|
|Observations|2000|1981|2073|1323|2515|1056|947|864|873|1728|840|669|
|Number of utilities|199|198|190|144|213|144|132|131|131|175|90|103|

Standard errors in parentheses * significant at 10%; ** significant at 5%; *** significant at 1%

# **TABLE 5**

||Residential<br>Conn.per<br>Employee|Energy Sold<br>per<br>Employee|Distribut.<br>Losses|Coverage|Energy Sold<br>per Conn.|Duration<br>of<br>interrupt's|Frequency<br>of<br>interrupt's|OPEX per<br>Connection<br>(in dollars)|OPEX per<br>MWH sold<br>(in dollars)|Avg Resid.<br>Tariff<br>(in dollars)|Avg Indust.<br>Tariff<br>(in dollars)|Cost<br>Recovery<br>Ratio|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||(1)|(2)|(3)|(4)|(5)|(6)|(7)|(8)|(9)|(10)|(11)|(12)|
|Dummy Transition of|0.121***|0.170***|0.125***|-0.012***|0.057***|-0.018|0.059|-0.278|-0.230|0.164***|0.055|-0.053|
|PSP|(0.014)|(0.016)|(0.018)|(0.003)|(0.008)|(0.040)|(0.046)|(0.228)|(0.229)|(0.024)|(0.039)|(0.107)|
|Dummy Post Transition|0.018|-0.020|-0.123***|0.006|0.095***|-0.561***|-0.429***|-0.110|-0.116|-0.087***|0.123|0.308***|
|of PSP|(0.015)|(0.025)|(0.035)|(0.004)|(0.015)|(0.074)|(0.064)|(0.102)|(0.099)|(0.018)|(0.100)|(0.116)|
|Existence of Regulatory|0.162***|0.175***|-0.008|0.002|-0.023***|-0.239***|-0.176***|-0.351***|-0.233***|0.286***|-0.039|0.146***|
|Agency|(0.014)|(0.017)|(0.010)|(0.002)|(0.006)|(0.038)|(0.044)|(0.069)|(0.078)|(0.024)|(0.026)|(0.042)|
|Transition * Existence|0.026|-0.012|-0.144***|0.004|0.005|0.019|-0.061|-0.016|-0.150|-0.315***|0.000|0.045|
||(0.018)|(0.022)|(0.022)|(0.004)|(0.011)|(0.054)|(0.059)|(0.121)|(0.129)|(0.033)|(0.045)|(0.114)|
|Post Trans. * Existence|0.032*|0.041|0.020|-0.005|-0.102***|0.284***|0.107|-0.071|0.006|0.138***|-0.158|-0.123|
||(0.017)|(0.026)|(0.037)|(0.005)|(0.016)|(0.078)|(0.069)|(0.109)|(0.108)|(0.021)|(0.102)|(0.121)|
|Utility FE|Yes|Yes|Yes|Yes|Yes|Yes|Yes|Yes|Yes|Yes|Yes|Yes|
|Utility Specific<br>Time trend|Yes|Yes|No|Yes|No|No|No|No|No|No|No|No|
|Observations|2000|1981|2073|1323|2515|1056|947|864|873|1728|840|669|
|Number of utilities|199|198|190|144|213|144|132|131|131|175|90|103|

Standard errors in parentheses

* significant at 10%; ** significant at 5%; *** significant at 1%

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