It is no longer acceptable for engineers to make spending decisions because they make good engineering sensea "they must justify these decisions with good business sense. This book covers basic business topics from the perspective of utility engineers, including regulation, ratemaking, accounting, finance, economics, budgeting, strategy, and asset management. The text discusses the idiosyncrasies of utilities, using mathematics and analytical geometry to demonstrate business concepts. This author provides a solid foundation of business theory, describes how to properly apply this theory to utilities, and teaches specific business skills that can be used by utility engineers.