At the end of this course, the learner will be able to:

  1. Understand the basics of utility rate setting.
  2. Understand of Financial Statements for regulated utility companies.
  3. Have the knowledge, skills, and tools that guide regulated utility rate making including choosing test year for revenue requirement.
  4. Gain understanding of how rate base is developed.
  5. Understand how a mock rate case is developed and the use of sample adjustments.
  6. Demonstrate how to calculate rate base, revenue requirement, and rate design for regulated utility.
  7. Demonstrate an appropriate knowledge of operating expenses, trackers, depreciation and taxes related to regulated utility rate making.
  8. Understand how to question and review for Income Statements.
  9. Understand the capital structure of a utility, including the weighted average cost of capital, rate of return, and return on equity.
  10. Understand how cost of capital, rate of return and return on equity relate to the revenue requirement and how Wall Street views a company.  (not sure where that is on the agenda)
  11. Understand the consumer perspective on the regulated utility finance.
  12. Understand Cost Allocation methods.
  13. Understand the different rate designs for the regulated utility.
  14. Understand the Performance Based Ratemaking.