IPU ADVANCED REGULATORY STUDIES PROGRAM: RATEMAKING, ACCOUNTING, FINANCE AND ECONOMICS
Intensive, interactive, and technical workshops for experienced professionals in the regulatory policy community
OCTOBER 2-6, 2017| KELLOGG CENTER | EAST LANSING, MI
Program description: The IPU Advanced Regulatory Studies Program is a series of specialized half-day and all-day workshops designed to provide public-sector and private-sector professionals in the regulatory policy community with a unique opportunity to interact and exchange ideas on technical, methodological, and policy issues. Each workshop provides an intensive, immersive and peer-based learning experience, emphasizing discipline-based analytical methods and theoretical rigor coupled with practical hands-on problems and exercises. The program faculty includes nationally known experts who draw from both academic and applied perspectives. The Advanced Program reflects our commitment to providing a reasoned and empirical approach to contemporary regulatory issues. The program offers flexible tracks focusing on ratemaking, accounting, finance, and economics. Half-day sessions allow participants to fully customize the program to their interests. IPU also offers “Introduction to Public Utility Regulation” on the Sunday preceding the program.
Who should attend: The program is open to everyone and is designed for experienced professionals in the regulatory policy community, including federal and state personnel, consumer advocates, and private-sector professionals. Generalists and specialists in the utility sectors will benefit from attending. Past attendees of IPU programs – including the Annual Regulatory Studies Program (“Camp”) and the NARUC Utility Rate School – will find that the workshops offer a unique professional development experience. IPU will also arrange continuing education credits for accountants and attorneys as requested. The Advanced Program provides not only a great learning environment, but also a great forum for exchanging ideas and networking with professional peers.
Where: The IPU Advanced Program will be held at the Kellogg Center on the campus of Michigan State University in East Lansing, Michigan.
The regular program takes place Monday through Friday noon, with a special introduction session on Sunday. Contact the Kellogg Center for information at 517.432.4000, or www.kelloggcenter.com. The dress code for the program is campus casual.
The Sunday preceding the program features the short course “Introduction to Public Utility Regulation”. For more information please visit Introduction to Regulation and Ratemaking.
- Financial statement data and analysis
- Financial reporting and disclosure
- Regulatory treatment of income taxes
- Ratecase auditing and prudence review
- Cost allocation and rate design
- Witness preparation
- Locational marginal pricing for electricity
- Cost of capital and capital structure
- Econometric forecasting methods
- Applied forecasting and resource planning
- Regional markets for energy and capacity
- Utility credit ratings
- Future of utilities and regulation
- Life-cycle accounting for utility assets
- Electricity market structure and performance
- Energy efficiency markets and evaluation
Continuing Education Credits
Participants in IPU programs are awarded a certificate of participation, as well as applicable continuing education credits and credits toward a Certificate of Continuing Regulatory Education (CCRE) endorsed by NARUC. IPU-MSU will calculate attendance hours and issue a letter.
Program Learning Objectives
- To understand regulatory ratemaking, accounting, and economics at an advanced level.
- To explore the contemporary regulatory methods and issues in depth.
- To develop critical thinking and evaluation skills needed for regulatory analysis.
- To engage in a peer-to-peer educational and networking opportunity.
- To provide a hands-on learning experience through guided exercises.
The Advanced Regulatory Studies Program is eligible for the following credits:
- CPE Credits: Max 32
- CLE Credits: Max 32
- CCRE Credits: 40 (visit the CCRE page for additional information)
Program Level. The program is classified as “advanced.” It is best for experienced professionals who have attended one or more of the courses classified as basic or intermediate.
Program Prerequisites. No formal prerequisites apply to this program. However, attendees are strongly encouraged to attend only after participating in one or more of the basic or intermediate courses. Some professional experience is also helpful. Preparatory resources are available on the IPU website on the Advanced Regulatory Studies program page as well as the IPU research page.
Program Delivery. The program delivery method is classified as a “group-live” event and consists primarily of lectures by experienced professionals, including examples and opportunity for discussion. Active learning and participation are encouraged. Instructors are accessible for individual assistance throughout the program.
Cancellation and Refunds. Cancellations are generally accepted until one week before the program. Substitutions are accepted at any time. Program fees may be applied toward a future program or refunded.
Comments and Complaints.IPU welcomes program input and feedback. Participants will be asked to complete program evaluation forms. Comments and complaints about the program may be directed to IPU Director, Dr. Janice A. Beecher (firstname.lastname@example.org).
NASBA National Registry Statement. The Institute of Public Utilities 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 the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
This program is relevant to the following NASBA fields of study: administrative practice, accounting and auditing (corporate and governmental), business law, economics, finance, taxes, regulatory ethics, and specialized knowledge and applications.
What past Advanced attendees say about the program:
- “I really enjoyed the program last week, all the courses were beneficial in some way, I learned a good bit. Thank you for providing the platform for those of us out here looking for training.”
- “A solid understanding of the fundamentals of regulation is essential in addressing contemporary issues facing utilities and regulators. The bonus session offered at IPU programs is a great opportunity to explore the historical and conceptual underpinnings of regulation.”
- “I think my understanding of regulation was upgraded…”
- “This is a very effective (time-wise and cost-wise) venue for participants to access a wide range of topics.”
- “Very interesting and relevant topics. The interaction between participants from other states and countries was very useful.”
- “Excellent information – excellent presenters.”
- “Very useful workshop…”
- “Great follow-up to Rate School!”
- “As always… IPU is awesome!”
- “You put on a great program… I enjoyed it quite a bit. In some respects I left with more questions than I had when I came into the program; I think that’s a good sign… Again, great job with the program. Really enjoyed the instructors and their presentations, as well as the discussion among classmates.”