NARUC Spring 2024 Rate School

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.  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:

This program is relevant to the following NASBA fields of study: accounting and auditing (corporate and governmental), business law, economics, finance, taxes, regulatory ethics, and specialized knowledge and applications.

When offering CPE credits, NARUC abides by all applicable professional accrediting boards and agencies’ rules and regulations. NARUC will not be able to provide credit for attendees who left a session before the program ended. To attain compliance, ensure the integrity of our CPE processes, and preserve our offerings’ high value, attendees seeking credit, whose records verify full session participation, will receive full credit. Must attend 50 minutes for each CPE credit.

The number of CPE credit hours for the 2024 NARUC Spring Rate School are to be determined.

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

  1. Understand the basics of utility rate setting.
  2. Understand of Financial Statements for regulated utility companies.
  3. Have the knowledge, skills, and tools that guide regulated utility rate making including choosing test year for revenue requirement.
  4. Gain understanding of how rate base is developed.
  5. Understand how a mock rate case is developed and the use of sample adjustments.
  6. Demonstrate how to calculate rate base, revenue requirement, and rate design for regulated utility.
  7. Demonstrate an appropriate knowledge of operating expenses, trackers, depreciation and taxes related to regulated utility rate making
  8. Understand how to question and review for Income Statements.
  9. Understand the capital structure of a utility, including the weighted average cost of capital, rate of return, and return on equity.
  10. 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)
  11. Understand the consumer perspective on the regulated utility finance.
  12. Understand Cost Allocation methods.
  13. Understand the different rate designs for the regulated utility.
  14. Understand the Performance Based Ratemaking.

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