NARUC Professional Development
Track: Accounting and Rate Design
November 4, 5, and 6, 2:00 PM – 4:00 PM ET each day
This 6-hour live, online course will explore various approaches to performance-based ratemaking (PBR). The traditional cost of service approach to energy utility ratemaking is changing as new performance-based solutions lead to improved utility performance and streamline the process of setting utility rates. Taught by Mark Newton Lowry, this course will explain the rationale for PBR and detail four established approaches used today: (1) Relaxation of the link between revenue and grid use (e.g. revenue decoupling); (2) Performance metrics and performance incentive mechanisms (“PIMs”); (3) Targeted incentives for underused practices; and (4) Multiyear rate plans.
Fees:
Dues-Paying Members / Associate & Federal Members: $250
State, Federal, and International Agencies / NASUCA Members / Academia: $450
All Others: $650