NARUC: How to Read and Analyze a Rate Case – 2026

Rate Case & Financial Concepts Introductory
CATEGORY
Rate Case & Financial Concepts
CONTENT LEVEL
Introductory
TOPIC
Intro to Economic Regulation & Regulatory Accounting, Revenue Requirement (ERC Anatomy of a Rate Case Part 1)
COURSE OFFERED BY
NARUC
CONTENT SCOPE
  • Overview of the “four sets of books” used by regulated entities
  • Standard financial statements and accounting principles
  • Role of a regulator re: financial statements of regulated companies
  • How and why transactions are treated differently for regulated entities.
  • Deferral and variance
  • How to read financial statements
  • IFRS/US GAAP
  • Establishing the Revenue Requirement
  • Forecasting exercise to determine the utility’s costs to provide service (i.e., ‘cost of service’)
  • Review and approval process by the regulator so a utility can charge its customers.
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