40 th Western NARUC Utility Rate School May 12-17, 2019 San Diego, California Program Agenda

Transcription

1 40 th Western NARUC May 12-17, 2019 San Diego, California Program Agenda Sunday 4:00-6:00pm 5:00-6:00pm Monday 7:00-8:00am Early Registration Welcome Reception and Registration Registration and 8:00-8:15am Welcome, Introductions, and Instructions 15 min. Hon. Mary-Anna Holden, New Jersey BPU & Chair, NARUC Water Committee Hon. John Butch Howard, SC PSC & Chair, NARUC Education Committee Cathy Pedemonti, CT PURA & Chair, Staff Subcommittee on Water 8:15-9:00am Water Industry Perspective on the Mock Case Issues 45 min. James Jenkins, Vice President, Regulatory Services, American Water 9:00-9:30am Commissioners: Why we as commissioners do what we do. 30 min. Hon. Mary-Anna Holden, New Jersey BPU & Chair, NARUC Water Committee Hon. John Butch Howard, SC PSC & Chair, NARUC Education Committee 9:30-9:45am Morning Break 9:45-10:30am The Legal Basis for Public Utility Regulation 45 min. Christine Hoover, PA OCA 10:30-10:45 am Morning Break 10:45-11:30am Basics of Utility Rate Setting 45 min. John F. Guastella, President, Guastella Associates, Inc. 11:30-12:15pm Mock Rate Case Panel: Prefiling Briefing for the Case 45 min. Hon. Mary-Anna Holden, New Jersey BPU & Chair, NARUC Water Committee Utility: Stephen Genzer, Partner, Saul Ewing, Arnstein & Lehr LLP Advocate: Christine Hoover, PA OCA Staff: Patrick Carr, Deputy Director, Utility Accounting and Finance, Virginia SCC 12:15-1:30pm Lunch (on your own) 1:30-2:30pm Developing the Rate Base 60 min. Stephen Genzer, Partner, Saul Ewing, Arnstein, & Lehr LLP Utility: David Spacht, VP, CFO, & Treasurer, Artesian Water Company 2:30-2:45pm Afternoon break 2:45-3:15pm Choosing the Test Year for Revenue Requirements 30 min. Patrick Carr, Deputy Director, Utility Accounting and Finance, Virginia SCC 3:15-3:30pm Mock Rate Case: Getting Started and Sample Adjustments 15 min. John Tomac, Sr. Dir. Rates and Regulations, Eastern Div., American Water 3:30-5:00 pm Team Working Session 75 min. Getting Started on the Case [ 1 ]

2 Tuesday 8:15-8:45am Balance Sheets and Income Statements 30 min. John Tomac, Sr. Dir. Rates and Regulations, Eastern Div., American Water 8:45-9:45am Team Working Session 60 min. Rate Base 9:45-10:00 am Morning Break 10:00-11:00am Operating Expenses, Depreciation, Taxes, and Trackers 60 min. Patrick Carr, Deputy Director, Utility Accounting and Finance, Virginia SCC 11:00-11:15am Morning Break 11:15-12:15am Operating Expenses, Depreciation, Taxes, and Trackers (continued) 60 min. Patrick Carr, Deputy Director, Utility Accounting and Finance, Virginia SCC 12:15-1:30 pm Lunch (on your own) 1:30-5:00pm Team Working Session 210 min. Rate Base and Income Statement Wednesday 8:15-9:15am. Legal Arts: From the cross examination to the settlement conference 60 min Hon. Norm Kennard, PA PUC 9:30-9:45am Morning Break 9:45-10:45pm Corporate Finance, Cost of Capital, and Capital Structure 60 min. Tommy Oliver, Executive Director, Rate and Regulatory Affairs Roanoke Gas Company Discussant: David Spacht, VP, CFO, & Treasurer, Artesian Water Company 10:45-11:00 am Morning Break 11:00-12:15pm Corporate Finance (continued) 75 min. Moderator: Tommy Oliver, Executive Director, Rate and Regulatory Affairs Roanoke Gas Company, Moderator Utility: David Spacht, VP, CFO, & Treasurer, Artesian Water Company Advocate: Paul Schulz, Utility Rate Analyst, MT Consumer Counsel 12:15-1:30pm Lunch (on your own) 1:30-4:30pm Team Working Session 180 min. Return on Equity [ 2 ]

3 Thursday 8:15-9:15am Mock Rate Case Team Solution Review 30 min. Check schedule for group meeting times (8:15 or 8:45) 9:15-10:15am 60 min. Trends: In Electric and Gas/ FERC/ Energy Efficiency/Cloud Computing 10:15-10:30 Morning Break 10:30-11:30am Cost-Allocation Methods 60 min. David Sheard, Senior Economic Analyst, Ruekert/Mielke 11:30-12:15pm Rate-Design Methods 45 min. Jennie Lingo, Economic Analyst, Florida PSC 12:15-1:30pm Lunch (on your own) 1:30-5:00pm Team Working Session 210 min. Rate Design 6:00-8:00pm Friday Reception and Graduation Celebration Dinner 8:15-9:00am Mock Rate Case Panel: Closing Arguments of the Parties 45 min. Hon. Mary-Anna Holden, New Jersey BPU & Chair, NARUC Water Committee Utility: TBD Large Energy Users: Stephen Genzer, Partner, Saul Ewing, Arnstein & Lehr LLP Advocate: Christine Hoover PA OCA Staff: Patrick Carr, Deputy Director, Utility Accounting and Finance, Virginia SCC 9:00-9:15am Analysis and Discussion of Team Solutions 15 min. Jennie Lingo, Economic Analyst, Florida PSC David Sheard, Senior Economic Analyst, Ruekert/Mielke 9:15-9:30am Awarding of Program Certificates 15 min. Cathy Pedemonti, CT PURA & Chair, Staff Subcommittee on Water Hon. Mary-Anna Holden, New Jersey BPU & Chair, NARUC Water Committee Hon. John Butch Howard, SC PSC & Chair, NARUC Education Committee 9:30am Adjourn 10:00 11:00am Bonus Session: 60 min. Information coming soon! Additional program faculty members: Kimberly Joyce, Aqua America; Patti Lucarelli, RI PUC; Steve Olea, Arizona CC; Cathy Pedemonti, CT PURA. Notice: The Mock Rate Case and materials provided at the NARUC are instructional tools intended only for use by registered attendees of the course. The is not prescriptive and practitioners are encouraged to consult additional resources on utility ratemaking. The views and opinions of individual program faculty members do not necessarily represent the views, opinions, or policies of NARUC or its member commissions. [ 3 ]

4 40 th Western NARUC May 12-17, 2019 San Diego, California Program Agenda Patrick CARR Deputy Director, Accounting and Finance, Virginia State Corporation Commission B.S., Accounting, University of Richmond Stephen GENZER Newark Office Managing Partner, Saul Ewing Arnstein & Lehr LLP J.D., New York University School of Law John GUASTELLA President, Guastella Associates, LLC M.E., Stevens Institute of Technology Mary-Anna HOLDEN Commissioner, New Jersey Board of Public Utilities M.A.H., American Art & Architecture, Manhattanville College John Butch HOWARD Commissioner, South Carolina Public Service Commission B.S., Business Administration, University of South Carolina James JENKINS Vice President, Regulatory Services, American Water M.B.A., Finance, University of Illinois Kimberly JOYCE Regulatory Counsel and Manager of Legislative Affairs, Aqua America J.D., University of Pittsburgh School of Law [ 4 ]

5 Jennie LINGO Economic Analyst, Florida Public Service Commission B.S., Accounting, Florida State University Patti LUCARELLI Chief of Legal Services, Rhode Island Public Utilities Commission J.D., Columbus School of Law/Catholic University of America Steve OLEA Policy Advisor to Commissioner Bob Burns B.S., Civil Engineering, Arizona State University Tommy OLIVER Deputy Executive Director, Rate and Regulatory Affairs Roanoke Gas Company M.B.A., Virginia Commonwealth University Cathy PEDEMONTI Utilities Examiner, Connecticut Public Utilities Regulatory Authority B.S., Accounting, Fairfield University Comer H. "Randy" RANDALL Vice Chairman, South Carolina Public Service Commission B.S., Presbyterian College, M.Ed., University of Georgia Paul SCHULZ Utility Rate Analyst, Montana Consumer Counsel M.S., Accounting, University of Virginia leg.mt.gov/css/committees/administration/consumer%20counsel/default.asp David SHEARD Senior Rate Analyst, Ruekert-Mielke B.S., Civil & Environmental Engineering, University of Wisconsin [ 5 ]

6 David SPACHT Vice President, Chief Financial Officer and Treasurer, Artesian Resources Corporation B.S., Accounting, Goldey-Beacom College John TOMAC Sr. Director Rates and Regulations, Eastern Division, American Water M.B.A., Finance, University of New Haven [ 6 ]