Regulatory
When your organization needs an independent opinion on accounting, rate, and regulatory issues, we provide testimony, economic analysis, and technical information filed in your rate case.
Our regulatory services include economic analysis and expert testimony before regulatory bodies. We provide:
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We provide expert witness testimony at the Federal Energy Regulatory Commission, state regulatory commissions, and in arbitration and litigation proceedings as an expert witness for rate, economic evaluations, and accounting matters.
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We will support your regulatory filing by providing analysis of the cost of service and economic issues. Our analysis provides the support for inclusion of used and useful assets in rate base, cost of capital implications, and just and reasonable rate designs.
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Our experience with the accounting involved with developing revenue requirements leads to analysis and testimony regarding the inclusion of decommissioning costs and impairments in rates, the appropriate application of regulatory accounting (ASC 980/GASB 62), and other accounting issues that arise through the regulatory rate case process.
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We provide intervenor support with analysis and testimony of economic, cost of service, and accounting issues in rate filings.
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If your regulation is local, we are skilled at presenting rate studies before your co-op or utility board or City Council. We are adept at distilling technical reports for a non-technical audience.
Our detailed economic analysis and testimony areas cover a wide range of accounting, rate, and regulatory issues. We provide an independent viewpoint for your regulatory needs in these areas:
Affiliate transactions
Asset impairment accounting
Compliance with regulatory orders
Cost allocation methods
Cost of capital analysis
Decoupling accounting
Just and reasonable rates evaluation
Regulatory accounting
Stranded cost analysis
Used and useful asset analysis
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Mr. Hissom has testified before the Federal Energy Regulatory Commission, South Carolina Public Service Commission, Public Utility Commission of Texas, and Wisconsin Public Service Commission.
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We have testified before the Federal Energy Regulatory Commission on revenue requirements, cost of service, rate design, economic analysis, ratebase components, and the application of regulatory accounting, asset deferrals, cost allocations, asset impairments, and depreciation in wholesale and transmission rates. Our testimony has addressed the rate treatment of used and useful assets, prudence, and just and reasonable rates.
Recent testimony involved a landmark FERC filing regarding the oversight of electric cooperative revenue requirements by FERC. The final decision will be issued in late 2024.
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We have testified before state commissions on revenue requirements, cost of service, rate design, cost allocations, recovery of nuclear power plant costs in rate base, accounting for electric generation by-products, and cost recovery of coal combustion residuals.
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We have provided economic analysis and testimony in issues on cost of service and rates, rate of return, cost allocations, water rights, and insurance settlements in arbitration disputes.
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We have performed projects for state regulatory commissions in Arizona, California, Florida, Guam, Maine, New Mexico, New York, Ohio, South Carolina, Texas, and Wisconsin on the review of rate filings and regulatory compliance with commission orders.
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We regularly make presentations to oversight bodies on cost-of-service and rate design studies in support of customer rate changes.
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Docket 55867; Public Utility Commission of Texas - LCRA Transmission Services Corporation - Testimony on the application of cost allocations and affiliate transactions
FERC Docket No. ER20-2441-002; Basin Electric Cooperative, McKenzie Electric Cooperative, and Tri-State Generation and Transmission Association - Expert witness testimony on the application of regulatory accounting, asset deferrals, cost allocations, and depreciation in wholesale and transmission rates - 2023
Litigation proceeding - Expert witness testimony on the recoverability of depreciation expense in insurance filings with investor-owned electric utility - 2022
Arbitration proceeding - Expert witness testimony on FERC accounting for production, purchase, and sale of Flue Gas Desulfurization (FGD) gypsum - 2022
FERC Docket No. ER18-1639-003; Constellation Mystic Power, LLC and Eastern New England Consumer-Owned Systems - Expert witness testimony on impairment accounting pertaining to acquired power plant assets - 2019
Docket No. 2017-305-E, Order No. 2018-102 - Public Service Commission of South Carolina and South Carolina Electric and Gas - Expert witness testimony on application of regulatory accounting to ratepayer cost recovery scenarios for VC Summer Nuclear Station Units 2 and 3 construction costs - 2018
FERC proceeding - Ameren and five joint action agencies - Support activities in determining the impact on wholesale power customer rates on the impairment of Ameren generating units - 2016
Arbitration proceeding - Expert witness testimony on cost recovery of common administrative costs in a jointly owned nuclear power unit (4 utilities) - 2016
Arbitration proceeding - Expert witness testimony in regards to water rights disputes between two California Utilities and accounting for water rights for power generation under a long-term purchased power agreement - 2015
Wisconsin Public Service Commission - Expert witness testimony and rate case support in connection with various filings of electric and water utilities - 1987 - present
Many clients - Presentations to oversight boards on cost-of-service and rate design studies in support of customer rate changes