Does it take too long to develop rate case scenarios? Do you know the best time for your company to go in for a rate case? Can you effectively monitor ROE throughout the year to avoid surprising investors and regulators? Are you able to consider multiple investment strategies during rate cases?
PowerPlan’s enterprise platform streamlines the flow of information among all stakeholders in the regulatory process, helping companies make better decisions, reduce regulatory lag and improve regulatory performance.
Reduce Regulatory Lag by Optimizing Data Gathering
The faster a company can complete the rate case process, the sooner the new rate goes into effect. PowerPlan automatically captures and stores asset information on a common platform, eliminating the need for spreadsheets and other manual processes. By streamlining the data gathering process, PowerPlan helps companies reduce regulatory lag and improve financial performance.
Achieve Better Rate Case Outcomes with Better Data Analysis and Transparency
To achieve the preferred rate of return from the rate case, companies must analyze complex data from across the organization in order to make the best argument. With PowerPlan, the regulatory department can run various scenarios and test assumptions, allowing them to make changes as necessary. PowerPlan also allows companies to drill down into the data in order to quickly answer interrogatories from regulators.
Improve Ongoing Financial Performance through Better ROE Monitoring
Once a rate is in effect, companies must track to it as closely as possible. PowerPlan provides insight into all of the factors that influence revenue, including any riders or trackers that might be in place. Additionally, companies can look at each jurisdiction individually to see if they are underperforming in one relative to the others. By analyzing data at all times, companies can respond more quickly to a changing environment.
Achieve Regulatory Results
PowerPlan’s regulatory solution has helped many utilities:
- Reduce regulatory lag by two months through efficient data gathering across multiple departments and systems
- Improve rate case outcomes through rapid what-if scenario modeling
- Highlight additional capital spending opportunity through early detection of missed ROE targets