This case examines the dilemma confronting the Brazilian electricity regulator in the period following power rationing. Brazil privatized about 65 percent of the distribution companies (DISCOs) in the 1990s, but the companies were hit hard financially, first by a dramatic fall in the currency exchange, and then by a supply crisis that forced the government to require consumers to reduce their consumption by 20 percent. The case explores the deliberations by the Brazilian regulatory agency, ANEEL, on whether to grant significant tariff increases to DISCOs during a period of economic turmoil. It also addresses several key regulatory issues: How to calculate the value of a regulated firm's asset base; Should a regulated firm be compensated for changes in exchange rates? Similar problems are confronted by regulators in other sectors and other countries so that the lessons in this case are transferable. HKS Case Number 1826.0

This case discusses the efforts by the state of Andhra Pradesh and the Hyderabad Metropolitan Water Supply and Sewerage Board to provide water services to its poorest inhabitants - approximately 1.7 million people. Undermining this challenge is the reality that Hyderabad is located in a comparatively dry region of India, and the Water Board is only able to provide water for an average of two hours per day. To attract investment, the government decides to privatize the Water Board, but the World Bank conditions its support for this privatization on Andhra Pradesh's ability to develop a program that will provide water to the city's slums. HKS Case Number 1828.0