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NRECA 974.1

  • November 8, 2017
    9:00 am - 4:00 pm
This course is only open to cooperative members of the AIEC who participate in the Continuing Education program. For pricing information, see cancellation policy or call Mary Zitek at (217) 241-7934.

Rate Making Strategies and Policy

Decisions for Electric Co-op Boards

Northfield Inn, Suites & Conference Center
3280 Northfield Drive – Springfield, IL

Registration: 8:30 a.m.
Registration deadline: October 27, 2017

Instructor:  Jon Penry

 

Course Overview:

The jointly developed (NRECA and CFC) publication titled, Retail Rate Guide (2017) is featured in this course. Directors discuss the complex issues that they must balance when they consider business plans, financial policies, alternative rate philosophies and strategies. This course discusses how current rates methodologies affect rising power costs and the current focus on energy efficiency and conservation. Attendees use case studies and problems to analyze and discuss issues such as equity goals, long‐range revenue requirements, achieving fairness for multiple rate classes, and dealing with proposed rate increases.

Key topics:

  • Recognize the board’s role as “regulator”
  • Discuss the board’s role in balancing rates policy with the needs of consumers, the cooperative, and regulators
  • Recognize the goals that rates can help achieve and the political trade‐offs they require so the board can provide sufficient guidance to management through policy
  • Reference the jointly developed NRECA/CFC Retail Rate Guide to provide practical considerations and steps in the rate‐making process as well as address the changes sweeping the electric utility industry

Who should attend?

Cooperative directors, CEOs and senior staff.

Meals:

Lunch and break refreshments will be served.

Credit available:

One (1) credit will be awarded upon the successful completion of this course. Credit for this course will be applied toward NRECA’s Board Leadership Certificate (BLC) or Gold status for those who have elected to enroll in the Gold status program.

Cancellation Policy:

For those cooperatives participating in the IEC Continuing Education Program, cancellations made prior to the registration deadline (July 7) will not be charged. Cancellations made 48 hours prior to the event will be charged $25. Since this course is being held off-site, “No Shows” will be charged the full administrative fee to be determined based on the charges incurred from the Northfield Center and any additional charges from NRECA. Substitutions are allowed.

Location

Venue:  

Venue Phone: (217) 523-7900

Address:
3280 Northfield Drive
Springfield
Illinois
62702
United States