Utilities and local governments are often challenged with developing and delivering defensible capital programs on time and on budget.
We help organizations adjust their programs to meet cash flow changes while salvaging essential projects that are critical to ensuring community safety and meeting the level of service expectations. Our expertly designed prioritization frameworks help you identify the optimal mix of expenditures to address risks and regulatory obligations, while defining clear, quantifiable benefits for your ratepayers.

Developing a defensible prioritization framework
Capital programs must clearly reflect the priorities of the organization, its customers, and stakeholders to be defensible. Raftelis works with your organization to develop a prioritization framework and methodology for capital programs. We help you define a set of weighted priorities—ranging from regulatory compliance to asset renewal—creating a highly defensible structure for making informed decisions about which capital efforts to fund and when.
Optimizing the project mix
We analyze your Five-Year Capital Program to ensure you have the necessary mix of asset management (renewal of existing assets) and new asset construction to meet industry-standard metrics and your specific objectives. We help determine if the current projects are the proper scope and cost to achieve desired benefits, or if opportunities exist to reduce project costs and achieve regulatory compliance more cost-effectively, such as taking advantage of Integrated Planning provisions.
Financial and regulatory alignment
Developing a sound capital program requires balancing the need for renewing existing assets against the costs and timing of building new ones. We help you answer tough questions regarding cash flow targets and rate increases. By identifying projects that provide the greatest cost-benefit return on investment, we ensure your capital spending is centered on benefits that are easily quantifiable and defensible to your governing bodies and the public.

Our process goes beyond simple list-making; we work to refine the entire capital planning process. We help you demonstrate the actual value of your capital program and the comprehensive analysis behind it, ensuring broad stakeholder buy-in and adoption.
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Asset management