FERC Transmission RatemakingNovember 29-30, 2022 | Online Sponsored by EUCI |
If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event |
Investment analysts have signaled in recent years a preference for electric utility investment in rate regulated activities, including transmission and distribution. Meanwhile, FERC’s Order No. 1000 reforms sought to create new opportunities for utilities and other developers to compete for regionally planned transmission projects. FERC’s policies on ratemaking for transmission service have been in flux, and challenges to utilities’ return on equity are now commonplace, placing a premium on understanding how utilities subject to FERC’s jurisdiction recover their transmission cost of service. This course will provide attendees with a review of FERC’s regulation of transmission-owning utilities and a working knowledge of cost-of-service rates for transmission. Attendees will learn how to construct a revenue requirement and calculate transmission rates from utility books and records using FERC’s cost of service statements or a formula rate. They will learn about the latest developments in FERC ratemaking policy and precedent on hot button issues such as ROE and tax reform. Attendees will return to their organizations ready to participate and add value in any initiative related to FERC transmission ratemaking. Learning Outcomes
AgendaTUESDAY, NOVEMBER 29, 2022 9:00 a.m. – 4:30 p.m. Central Time Introduction to FERC’s Regulation of Electric Utilities
Introduction to Cost of Service Rates
Formula Rates
WEDNESDAY, NOVEMBER 30, 2022 9:00 a.m. – 12:00 p.m. Central Time Current Issues
InstructorsKelsey A. Bagot, Associate, Troutman Pepper Hamilton Sanders LLP Kelsey Bagot’s practice focuses on representing electric and natural gas utilities in regulatory and rate case litigation proceedings before FERC under Sections 205 and 206 of the Federal Power Act and Sections 4 and 5 of the Natural Gas Act. In particular, Kelsey has extensive experience in representing investor-owned and municipal utilities in cost-of-service rate proceedings before FERC, including transmission rate cases. Previously, Kelsey was a Trial Attorney at FERC, where she represented the Office of Administrative Litigation in settlement and administrative hearings concerning complex electric, natural gas, and oil pipeline matters. Chris Duffy, Director Regulatory Services, American Electric Power Chris Duffy is a Director of Regulatory Services for American Electric Power in Columbus, OH. Chris leads a team responsible for managing rate filings at FERC, including the administration of over 40 wholesale generation and transmission formula rates in PJM, SPP, and MISO. Chris has participated in several transmission formula rate cases including initial rate formation, rate modifications, and complaints. Justin P. Moeller, Managing Attorney—Federal Regulatory Affairs, NextEra Energy, Inc. Justin Moeller manages the Federal Regulatory Affairs business unit at NextEra Energy in Washington, DC. Justin has extensive experience representing utilities in cost-of-service rate proceedings before FERC, including transmission formula rate cases. Since 2012, Justin has participated in more than a dozen different transmission formula rate cases. Justin has also assisted in responding to complaints involving formula rate issues and in responding to issues arising during the formula rate annual update process. He also has experience developing and prosecuting stated rates for transmission and ancillary services, including wind integration charges. Douglas W. Smith, Partner, Van Ness Feldman, LLP Doug Smith is a partner in the Washington, DC office of Van Ness Feldman, where he is a member of the firm’s Electricity Practice. Doug has an active practice representing electric utilities and other energy sector clients before the Federal Energy Regulatory Commission (FERC). He advises clients on regulatory policy concerning the electricity sector, including the rules establishing the framework for transmission development, access, and ratemaking. Following Order No. 1000, Doug has represented a number of transmission developers located throughout the country in preparing, filing, and prosecuting transmission formula rate cases. He has also represented transmission developers in seeking incentive rate treatments under Order No. 679. Prior to joining Van Ness Feldman, Doug served as General Counsel to the FERC, and as Deputy General Counsel for Energy Policy at the U.S. Department of Energy.
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