Regulatory Training Initiative
NRRI's Regulatory Training Initiative (RTI) provides comprehensive training to the regulatory community using a variety of learner-centric, flexible methods. Training content and materials will be available through a comprehensive, on-line "learning site" and will include on-demand courses, instructor-led classes, discussion boards, a resource library, and other tools. The initial courses will focus on basic principles and common issues confronting regulatory commissions, but the curriculum will expand to include emerging issues and policies in utility regulation, as well as an introduction to new technologies affecting electricity, water, gas, and telecommunications.
USING NRRI’S NEW LEARNING MANAGEMENT SYSTEM
- Ensure you have a “MyNARUC” account by visiting https://www.naruc.org/mynaruc/ and logging in or signing up for an account. There is no charge for a MyNARUC account.
- Visit NRRI’s new on-line training site and log in using your MyNARUC username and password. [If you have just come from the MyNARUC site, your credentials may be “saved” and no further login will be required.]
- Click on “Register for Courses” to view the course catalog and register.
CURRENT COURSE OFFERINGS
NEW COURSE: NRRI announces Fundamentals of Resource Adequacy, a new RTI course covering concepts in resource adequacy and emerging methods to ensure grid reliability. Fundamentals of Resource Adequacy will be an eight-hour course, presented in two 2-day segments beginning Tuesday, September 21.
The course will address several topics, including the following:
- Resource adequacy as an assessment of risk
- The definitions and relationships between resource adequacy, reliability, and resilience
- The role of regulators in assessing, forecasting, and ensuring resource adequacy
- Reserve margin and other traditional measures of resource adequacy
- Probabilistic reliability metrics such as LOLE and LOLP
- Interaction between generation and transmission adequacy
- Emerging concepts in resource adequacy, such as NERC’s Essential Reliability Services framework
The course will be taught by a group of industry experts and academic thought-leaders, including:
- Dr. Carl Pechman, Director and Elliott Nethercutt, Principal Researcher, NRRI
- John Moura, Director - Reliability Assessment, NERC
- Dr. Alexander Flueck, Professor of Electrical and Computer Engineering, Illinois Institute of Technology
- Paul Centolella, President, Paul Centolella & Associates and former commissioner of the Public Utilities Commission of Ohio
Delivered in four two-hour sessions, from 2 to 4 PM (ET) on Tuesday & Wednesday, September 21st and 22nd and Tuesday & Wednesday, September 28th and 29th.
Fees: $150 for NRRI members, $300 for non-members
An Introduction to Utility Accounting: This course provides an introduction to general accounting principles, for example, the importance of generally accepted accounting procedures, balance sheets and income statements, and cash vs. accrual accounting. It also addresses items of particular importance to utility regulation, including investments in capital, depreciation, etc. Examples from the utility industry will be used to illustrate key concepts and calculations. Click here to register.
Fees: $87.50 for NRRI members, $175 for non-members.
An Introduction to Utility Finance: This course provides students with an understanding of the basic finance and regulatory concepts of utility regulation. Topics to be covered include why utilities are regulated; risk and return; portfolio theory; the relationship between rate base and capital structure; the weighted average cost of capital; and the required return on common equity. The course will also review financial concepts commonly associated with utility regulation, such as optimal capital structure, market-to-book ratios, and securitized bonds. Click here to register.
Fees: $87.50 for NRRI members, $175 for non-members
An Introduction the Theory and Practice of Regulation: This program will provide participants with an introduction to the principles and practice of regulation. The principles of regulation are a mix of engineering, financial, legal, accounting, and economic concepts and methods that provide the basis from which regulatory decisions are made. The practice of regulation focuses on the scope of regulatory decisions and how those decisions are made, including the mix of different types of expertise needed to mold those decisions. Click here to register
UPCOMING COURSES IN 2021 (PLANNED)
Fundamentals of Resource Adequacy
Telecom 101: Where were we, where are we, and where are we going?
An Introduction to Demand-Side Management: Energy Efficiency and Demand Response
An Introduction in Artificial Intelligence for Utility Systems
Alternative and Performance-Based Regulation
Benefit-Cost Analysis: Tools for assessing alternative regulatory policies
MEMBER PRICING FOR RTI COURSES
State commissions with fully paid NRRI dues will receive a 50% discount on all RTI course fees. If you have questions about your dues status, please email us at email@example.com.