NARUC Utility Annual Western Rate School

The NARUC Utility Annual Western Rate School is a hands-on educational program designed to impart the fundamentals of utility accounting and rate making through the practical experience of engaging in a mock utility rate case. This comprehensive course aims to equip participants with the essential knowledge and skills to understand the intricacies of utility rate setting, financial statements for regulated utility companies, and the development of rate base. Attendees will learn how to calculate the rate base, revenue requirement, and rate design, while also gaining insights into operating expenses, trackers, depreciation, and taxes pertinent to regulated utility rate making. Moreover, participants will delve into the capital structure of utilities, including the weighted average cost of capital, rate of return, and return on equity, with a focus on how these financial metrics affect the revenue requirement and influence perspectives from Wall Street.The course caters to a diverse audience, including State Commissioners, Policymakers, Municipal Utility Officials, Commission staffers, Administrative Law Judges, Accountants, Auditors, Financial Analysts, Consumer Advocates, Attorneys, Engineers, Economists, Journalists, and Wall Street Analysts, all of whom have a vested interest in the utility rate making process. The NARUC Rate School was originally established by the NARUC Committee on Water and has evolved since its inception in Florida in 1973. The program emphasizes experiential learning, with participants engaging in discussions and practical exercises to better understand different perspectives from across the regulatory landscape. With limited enrollment, the school ensures personalized attention from elite volunteer faculty, fostering a meaningful learning environment. Participants are also encouraged to explore additional training through live online courses available in the Accounting & Rate Case Track. The event is set to take place in Coronado, United States, and reaches a diverse audience not only from the USA but also from Kenya, catering specifically to those in positions related to marketing management within the utility sector.