Utilities Cash In On Rising Land Prices

Law360, New York (April 24, 2014, 8:11 PM EDT) -- Utility companies are increasingly looking to sell property as land prices around the country rebound, but selling utility lands raises questions about how ratepayers should be compensated in a deal and what environmental and regulatory hurdles might stand in the way of new development.

Land prices have risen significantly over the past several years as the housing and commercial real estate markets have pulled themselves up from the recession. The aggregate market value of land used for residential purposes alone was nearly $7 trillion in the third quarter of 2013, up from $6.3 trillion in the previous quarter and about $5...

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