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Finance / Regulated utility support

Regulated utility support

Regulated utilities, both investor- and non-investor-owned, must obtain approval of a state utility commission for most decisions, such as rate increases or changes to rate structures. This is a legal process, as the utility must actually file a rate case with their state commission. Every aspect of the rate case is scrutinized by not only the state regulator, but often also a consumer advocate and other intervenors.

In addition to the heavy scrutiny, rate filings are costly and quite time consuming for a regulated utility; for these reasons, it’s imperative the utility conduct rigorous research and sound analyses, and seek expert opinions prior to filing.

Raftelis can help. Our staff have a breadth of experience and success providing rate case and expert witness support to regulated utilities across the country. We are keenly aware of the litigation process utilities face during regulatory proceedings and can provide the expert advice needed for a positive outcome.

Case Studies

Pittsburgh Water and Sewer Authority

Pittsburgh Water and Sewer Authority (PWSA) has engaged Raftelis for multiple projects since 2016. Raftelis has been PWSA’s primary rate and financial consultant since 2016. During that first year’s engagement, Raftelis developed a brand new comprehensive long-term financial plan and supporting model. PWSA engaged Raftelis to serve as Interim Finance Director for six months during a transition period for the Authority. Raftelis is now assisting PWSA to implement elements of the Compliance and Organizational Plan. Another recent activity is the development and implementation of a stormwater utility and fee.

Case Studies

Providence Water Supply Board

Raftelis has prepared expert testimony for the Providence Water Supply Board’s (Providence Water) eight most recent filings before the Rhode Island Public Utility Commission (RIPUC) (Docket Nos. 3832, 4061, 4070, 4080, 4287, 4406, 4571, and 4618. Raftelis was also tasked with helping Providence Water develop key measures for each of the 10 Attributes of an Effectively Management Utility (Attributes) for inclusion on the dashboard.
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