Metropolitan St. Louis Sewer District
RFC has been engaged by the Metropolitan St. Louis Sewer District (MSD) on many different financial, rate, and management consulting projects since 2007.
RFC served as the Rate Consultant to MSD’s Rate Commission. In this role, RFC provided the Rate Commission with consulting services that included review of the rate change prepared for MSD by their consultants, recommendation of alternative approaches for rates, review of testimony filed by all parties in the case, preparation of direct testimony, and other consulting services as needed. RFC provided these services for three rate change proposals in 2007, 2008, and 2012.
In 2012, RFC was engaged by the District to serve as its Rate Consultant for the next five years. In this role, RFC is working with MSD to develop new rate models for its wastewater and stormwater utilities, evaluate rate structures, assist in debt issuance, and provide other rate and financial consulting services as necessary over the course of the engagement.
RFC is currently working with the District to develop new cost of service models for the utility and provides ongoing support for its debt issuance program, to date having provided feasibility reports for two bond issuances totaling $372,445,000.
RFC also participated in MSD’s periodic management audit. In this role, we worked with MSD management to conduct a self-assessment of MSD in relation to the 10 Attributes of Effectively Managed Utilities and the 5 Keys to Management Success as defined by the Effective Utility Management (EUM) framework. This framework was developed by six industry associations, including AWWA and WEF, in conjunction with the EPA.