CPE/CLE Information

Education Credit Information (Live Group)

The National Association of Regulatory Utility Commissioners (NARUC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

NASBA guidelines for CPE credits are based on a 50-minute credit hour in qualifying NASBA CPE subject areas; one credit equals 50 minutes. All breaks and lunches are omitted from the total CPE minutes. Historically, participants that attend all sessions of the program earn an average of 5 CPE hours in the accounting field of study and 18 CPE hours in the specialized knowledge field of study. Based on previous experience, 19 to 21 hours of CPE credits will be available to participants attending the open sessions, with an additional 2 to 3 hours available in the closed sessions. Final CPE earned will be determined based on the length of participation in the program as evidenced through completed attendance forms for each session attended.

This conference provides a general review of new accounting pronouncements and issues that affect regulated utilities. The conference presentation method is group-live, and the course level is intermediate. Prerequisite: Background in Accounting and Regulatory Issues. There is no advance preparation needed for this conference. The National Association of Regulatory Utility Commissioners (NARUC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE Credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

NARUC’s National Registry of CPE Sponsors Number is 103641

The number of CPE credit hours for the 2023 NARUC Fall Rate School is TBD.

At the end of this course, the learner will be able to:

Understand the basics of utility rate setting.
Understand of Financial Statements for regulated utility companies.
Have the knowledge, skills, and tools that guide regulated utility rate making including choosing test year for revenue requirement.
Gain understanding of how rate base is developed.
Understand how a mock rate case is developed and the use of sample adjustments.
Demonstrate how to calculate rate base, revenue requirement, and rate design for regulated utility.
Demonstrate an appropriate knowledge of operating expenses, trackers, depreciation and taxes related to regulated utility rate making
Understand how to question and review for Income Statements.
Understand the capital structure of a utility, including the weighted average cost of capital, rate of return, and return on equity.
Understand how cost of capital, rate of return and return on equity relate to the revenue requirement and how Wall Street views a company. (not sure where that is on the agenda)
Understand the consumer perspective on the regulated utility finance.
Understand Cost Allocation methods.
Understand the different rate designs for the regulated utility.
Understand the Performance Based Ratemaking.

For other CLE/CPE credit questions contact rateschool@naruc.org