The Institute of Public Utilities supports informed, effective, and efficient regulation of the infrastructure-intensive network industries providing vital utility services – electricity, natural gas, water, and telecommunications. We fulfill our mission by providing to the regulatory policy community integrative and interdisciplinary educational programs and applied research on the institutions, theory, and practice of modern utility regulation. Public utility services are essential for human health, welfare, and development. Economic regulation is essential in the context of persistent market constraints and evolving social objectives, as well as consequential in effect. IPU is dedicated to regulation in the public interest and uncompromising with respect to the obligations of diligence and integrity in regulatory governance. IPU takes a principled approach to regulation, an empirical approach to regulatory research, and a reasoned approach to structural and regulatory change. IPU’s guiding philosophy is that regulation is well served by university-based research and education. The Institute was established in 1965 and operates within the College of Social Science at Michigan State University, the nation’s pioneer land-grant institution. We are located on MSU’s beautiful East Lansing campus and affiliated with several academic departments and research centers. The Institute’s neutral analytical and instructional practice is informed by a broad spectrum of traditional and applied academic disciplines including economics, political science, law, accounting, finance, and engineering. IPU is an independent nonprofit unit of the University and financially self-sustaining.