Materials for Mark J . McCabe , “ Principals , Agents , and the Learning Curve : The

Explanatory Note: The two versions of this variable (g -g )/g and (g -g )/g are CP 3 CP CP M CP constructed from load growth forecasts at three points during a unit’s construction: the year a construction permit is granted (g ), three years after this permit is granted (g ), and the year CP 3 corresponding to the midpoint of construction (g ). When the initial load forecast prove optimistic, M e.g., g > g , the expectation is that a principal will postpone project completion, increasing plant CP 3 leadtime.