Symbol

1990-02

Pre-96

Post-96

Δ β

Dereg. Slope ( β r , i )

AEP

0.3767**

0.5958**

0.2676**

−0.3327

−0.3319**

CIN

0.3620**

0.4803**

0.2859**

−0.1936

−0.1957**

CMS

0.2860**

0.4446**

0.2299**

−0.2167

−0.2090**

D

0.3550**

0.4671**

0.2870**

−0.1806

−0.1700**

DPL

0.3403**

0.4836**

0.2786**

−0.2059

−0.1892**

DTE

0.4145**

0.6817**

0.3024**

−0.3795

−0.3594**

DUK

0.4259**

0.6035**

0.3203**

−0.2851

−0.2865**

ED

0.4161**

0.7617**

0.2752**

−0.4833

−0.4735**

EDE

0.1581**

0.0006

0.2178**

0.2167

0.1405**

EIX

0.4728**

0.6132**

0.3759**

−0.2317

−0.2334**

ETR

0.3177**

0.5667**

0.1984**

−0.3683

−0.3647**

FPL

0.3333**

0.5296**

0.2283**

−0.3013

−0.2905**

GMP

0.0002

0.0021

0.0002

0.0000

−0.0012

HE

0.2489**

0.2895**

0.2363**

−0.0590

−0.0668

IDA

0.2845**

0.3205**

0.2787**

−0.0388

−0.0319

NI

0.2755**

0.3505**

0.2486**

−0.1030

−0.1039*

NU

0.2669**

0.4239**

0.1935**

−0.2200

−0.1991**

OGE

0.2699**

0.3577**

0.2376**

−0.1206

−0.1254**

PCG

0.4541**

0.6932**

0.3100**

−0.3813

−0.3788**

PEG

0.3984**

0.6191**

0.2929**

−0.3348

−0.3249**

PGN

0.4020**

0.6364**

0.2990**

−0.3414

−0.3346**

PNM

0.3639**

0.5093**

0.3138**

−0.1959

−0.1845**

PNW

0.2893**

0.5530**

0.1874**

−0.3644

−0.3793**

POM

0.3374**

0.4240**

0.2886**

−0.1418

−0.1326**

PPL

0.3285**

0.3310**

0.3267**

−0.0058

0.0085

PSD

0.2701**

0.3450**

0.2416**

−0.1026

−0.0996*

SCG

0.2712**

0.3196**

0.2518**

−0.0710

−0.0725*

SO

0.3853**

0.6699**

0.2439**

−0.4213

−0.3995**

SRP

0.2788**

0.2685**

0.2875**

0.0149

0.0032

TE

0.2643**

0.3599**

0.2292**

−0.1366

−0.1295**

TXU

0.3321**

0.4801**

0.2580**

−0.2233

−0.2308**

UIL

0.2545**

0.2244**

0.2784**

0.0534

0.0414

UTL

0.0000

0.0003

0.0368

0.0029

0.0003

WEC

0.2900**

0.3969**

0.2519**

−0.1460

−0.1355**

WPS

0.2682**

0.3307**

0.2459**

−0.0946

−0.0921**

WR

0.2519**

0.3273**

0.2249**

−0.1027

−0.1209**

Median

0.3044

0.4373

0.2542

−0.1871

Mean

0.3070

0.4293

0.2489

−0.1804