Abstract
The purpose of this paper identifies five issues arising from governance changes in the privatisation and regulatory process in the public utilities. This paper provides the research methodology to structuring the complexity of governance arrangements in order to building in “publicness” into privatisation and regulation. Given the variety of statements in the field of public management, it can be argued that the institutional analysis to privatisation policy and regulatory governance provides a more effective response than narrow “traditional” notion of NPM to deficiencies of privatising public utilities. This paper insists that regulatory governance for privatising public utilities should be developed, and that the evolution of regulatory system has been consistent with regulatory governance and hence it is equally applicable to all network utilities regulation.