by Mak Chai-ming. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1991. / Bibliography: leaves 58-59. / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.v / ACKNOWLEDGEMENT --- p.vi / Chapter / Chapter I --- INTRODUCTION --- p.1 / Chapter II. --- THE POWER INDUSTRY AND ITS PRODUCT --- p.3 / The Characteristics of Electricity --- p.3 / Power Industry of Hong Kong --- p.4 / The Product Profile of Electricity --- p.5 / Load Factor --- p.6 / Load Factor and Cost --- p.7 / Chapter III. --- BUSINESS CHALLENGES IN THE POST WAR DECADES --- p.12 / The Critical Problems - The First Challenge --- p.13 / The Scheme of Control Agreement --- p.14 / Goals and Objectives of CLP --- p.15 / Coal as Input - The Second Challenge --- p.16 / Chapter IV. --- COST OF ELECTRICITY AND ITS PRICING --- p.18 / The Tariff Structures --- p.18 / The Tariff of the Past --- p.19 / The Present Tariff --- p.19 / Cost of Service Study Model --- p.20 / Cost Identification --- p.21 / Cost Functionalisation --- p.21 / Costing Period Determination --- p.22 / Cost Allocation --- p.27 / Results and Interpretation --- p.28 / Rate of Return Determination --- p.28 / Unit Cost Analysis --- p.31 / Chapter V. --- REVIEW OF THE PRESENT TARIFF STRUCTURE --- p.35 / Objectives of the Present Tariff --- p.35 / Performance of the Tariff --- p.36 / Performance of the Company --- p.37 / Load Factor Improvement --- p.40 / Chapter VI --- THE NEW CHALLENGES AND THE STRATEGIES --- p.42 / The New Challenges --- p.42 / Changes in The External Market --- p.42 / The 1997 Issue of Hong Kong --- p.43 / Fuel Advantages Exhausted --- p.44 / The Company's Strategies Facing the New Challenges --- p.44 / Deferring Capital Investment --- p.45 / Supply Side Management --- p.45 / Diversification --- p.46 / Chapter VII. --- PROJECTED PERFORMANCE OF THE TARIFF --- p.49 / Maximum Demand Forecast and Generating Capacity Requirement --- p.49 / Projected Expenditure and Revenue Requirement --- p.50 / The New Objectives of the Tariff --- p.50 / Least Cost Planning --- p.50 / Energy Conservation --- p.50 / Factors to Consider for the Detailed Design of the Tariff --- p.50 / Price Elasticity --- p.52 / Scheme of Control --- p.52 / Load Factor Improvement --- p.52 / Chapter VIII. --- CONCLUSION --- p.53 / APPENDIX --- p.54 / BIBLIOGRAPHY --- p.58