Overview of the role of state and federal (FERC) regulatory commissions, including which activities are regulated, how they are regulated, and discussion of the general requirements associated with a traditional rate case. The session will include an example explaining the interaction of rate base, rate of return and operating expenses in determining revenue requirements.
The session is designed to:
- Provide an overview of the regulatory process
- Discuss the general rate making formula
- Highlight areas where accounting and reporting issues exist specific to regulated utility companies