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2026 FERC Transmission Ratemaking

March 10 - 11, 2026 Online :: Central Time

"This course made Transmission Formula Rate Making a much clearer process moving forward. "

Regulatory Compliance Manager at Missouri Public Service Commission

"This training will expand your knowledge on Rate Making."

Economist (Litigation) at FERC

"The presenters were very verse and knowledgeable in their delivery, knowing and understanding historical facts about rate making, which made the course very interesting."

VP Engineering at FortisAlberta
Read more testimonials

"The FERC Transmission Rate Making class offered by EUCI is a great course of understand [sic] the fundamentals on how to perform the Cost Of Service for Transmission System. The training covers many of the fundamental concepts on Transmission Rate Making and hands on exercises to gain extensive knowledge."

Analyst at Eversource Energy

"Learn Rate Making process in a simple way from EUCI"

Senior Associate at RMI

As transmission investment accelerates to support grid modernization, electrification, and large-scale renewable integration, utilities and regulators face growing pressure to ensure rates remain just, reasonable, and transparent. At the same time, new FERC rulemakings, most recently Order No. 1920, are reshaping the framework for planning and cost allocation. For many in the industry, keeping pace with evolving ratemaking principles is no longer optional.

The 2026 FERC Transmission Ratemaking course offers utility professionals, consultants, and regulators a practical, structured overview of the policies, accounting principles, and analytical tools that underpin transmission rates. Over two days, participants will gain both the regulatory context and the hands-on experience needed to apply FERC’s ratemaking standards in real-world scenarios.

Key Issues Addressed

  • Regulatory Foundations: Understanding FERC’s authority under the Federal Power Act (Sections 205 and 206) and the impact of Orders 888, 2000, 1000, and 1920 on open access, regional planning, and transmission incentives.
  • Cost-of-Service Rates: Learning how to develop a revenue requirement using the Uniform System of Accounts, calculate rate base and ROE, and apply depreciation and O&M adjustments through a practical rate-building exercise.
  • Formula Rates: Examining how formula rates enhance transparency and streamline updates, including populating FERC Form No. 1 data, performing annual true-ups, and navigating discovery and challenge procedures.
  • Integration of Large Loads: Exploring how the rise of data centers, electrification, and industrial expansions affects congestion management, planning, and cost allocation.
  • Reliability and Resilience: Reviewing reliability standards, wildfire mitigation, and forecasting methods, with discussion on managing cyber, climate, and operational risks.

Learning Outcomes

  • Explain the scope and purpose of FPA Sections 205 and 206 in regulating utility rates and addressing complaints.
  • Identify the processes by which utilities file rates and how third-party complaints are investigated.
  • Analyze real-world examples of FERC actions under Sections 205 and 206 to understand regulatory impact.
  • Describe the administrative procedures involved in reviewing and approving utility rate filings.
  • Apply the principles of just and reasonable ratemaking, including the role of judicial oversight.
  • Evaluate the implications of rate review decisions on utilities, customers, and the broader market.
  • Summarize the key objectives and impacts of major FERC Orders (888, 2000, 679, 1000, 1920) on transmission planning and operations.
  • Explain how Orders 888 and 2000 established open access and RTO structures to promote competitive markets.
  • Assess how incentive-based rates and regional planning rules influence transmission investment and cost allocation.
  • Identify the operational and planning challenges associated with connecting large industrial and commercial loads to the transmission system.
  • Analyze the impacts of large loads on transmission network design, congestion management, and reliability.
  • Evaluate real-world case studies to extract lessons learned and apply best practices for rate implications and system planning.
  • Explain FERC policies and procedures governing generator interconnections and their relevance to grid reliability.
  • Apply queue management, interconnection study, and cost allocation principles to practical scenarios.
  • Assess methods for maintaining resource adequacy, including capacity markets, planning reserves, and reliability metrics.
  • Describe key reliability standards, enforcement mechanisms, and strategies for mitigating wildfire and other system risks.
  • Analyze forecasting methods for load, generation, and extreme events, incorporating emerging threats such as cyber risks and climate impacts.
  • Evaluate approaches for balancing cost, reliability, and safety in transmission planning and operations.

Register

Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

If you are unable to attend at the scheduled date and time, we make recordings available to all attendees for 7 days after the event

REGISTER NOW FOR THIS EVENT:

This event has passed and cannot be registered for. If you would like to see if this event will be offered again please reach out to [email protected]

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before February 06, 2026 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

Day one

Tuesday, March 10, 2026

Day two

Wednesday, March 11, 2026

Agenda

Tuesday, March 10, 2026
Central Time

Online

Log In & Welcome

8:45 AM

Lunch Break

12:30 - 1:30 PM

Adjourn for the day

4:30 PM

8:45 AM - 9:00 AM

Log In & Welcome

9:00 - 10:30 AM

Introduction to FERC’s Regulation of Electric Utilities

This session provides participants with a foundational understanding of FERC’s authority and the regulatory framework governing wholesale electricity sales and transmission. Attendees will explore how statutory provisions, administrative processes, and key rulemakings shape utility rate filings, transmission planning, and market operations.

Part II of the Federal Power Act (FPA): Regulation of Wholesale Sales and Transmission in Interstate Commerce

  • FPA Section 205: Utility rate filings – scope and process
  • FPA Section 206: Third-party complaints and FERC investigations

Rate Review Process

  • Administrative process for rate filings
  • Standards for ratemaking and judicial oversight

Landmark Rulemakings: Transmission

  • Order No. 888: Mandatory open access and the Pro Forma OATT
  • Order No. 2000: Regional Transmission Organizations (RTOs)
  • Order No. 679: Incentive rate treatments for transmission projects
  • Order No. 1000: Regional and interregional transmission planning and cost allocation
  • Order No. 1920: Electric regional transmission planning and cost allocation
10:30 - 10:45 AM

Morning Break

10:45 AM - 12:00 PM

Introduction to Cost-of-Service Rates

This session introduces participants to the key principles and components of cost-of-service ratemaking, providing a framework for understanding how revenue requirements and rates are developed. Attendees will learn to interpret accounting data, apply regulatory adjustments, and see these concepts in action through a hands-on transmission rate exercise.

Uniform System of Accounts (“USofA”)

  • Purpose, structure, and key account categories
  • Navigating the USofA: Roadmap for transmission rate analysis

Developing a Revenue Requirement and Rate Design

  • Rate base: what it is and how it’s calculated
  • Rate of return, including Return on Equity (ROE)
  • Depreciation methodology
  • Operations & Maintenance (O&M) and Administrative & General (A&G) costs
  • Taxes and other regulatory adjustments
  • Billing determinants and allocation methods

Group Exercise: Build a Transmission Rate

  • Hands-on exercise using a simplified dataset to create a sample rate
12:30 - 1:30 PM

Lunch Break

1:30 - 4:30 PM

Formula Rates

This session explores the structure, history, and purpose of formula rates for FERC-jurisdictional services, highlighting their role in streamlining rate updates and ensuring transparency. Participants will examine the components of a sample formula rate and learn the process for annual updates, including true-ups, projections, and regulatory review procedures.

There will be two 15-minute breaks between the sessions.
 
History and evolution of formula rates for FERC-jurisdictional services
Stated rates vs. formula rates – advantages and limitations
In-depth review of a sample formula rate

  • Populating values from FERC Form No. 1
  • Fixed values: ROE, depreciation rates, post-employment benefits (PBOPs)

Annual update process

  • Calculation of true-up adjustments
  • Projected costs and forecasted revenue requirements
  • Discovery and challenge procedures
  • FERC informational filing

Agenda

Wednesday, March 11, 2026
Central Time

Online

Log In

8:45 AM

Adjourn for the day

12:00 PM

8:45 AM - 9:00 AM

Log In

9:00 - 10:00 AM

Current Issues: Integration of Large Loads

This session examines the challenges and considerations involved in connecting large industrial and commercial loads to the transmission system. Participants will explore the operational, planning, and rate implications, illustrated with real-world case studies and practical lessons learned.         

  • Challenges in accommodating large industrial or commercial loads
  • Impacts on transmission network design and congestion management
  • Case studies on successful integration and lessons learned
  • Discussion of rate implications for utilities and end-users
10:00 - 10:45 AM

Current Issues: Generator Interconnection & Resource Adequacy

This session explores FERC policies and processes governing generator interconnections and the methods used to maintain resource adequacy. Participants will review queue management, interconnection studies, cost allocation, and practical examples of ensuring sufficient capacity and system reliability.

  • FERC policies and processes for generator interconnection
  • Queue management, interconnection studies, and cost allocation
  • Ensuring resource adequacy: capacity markets, planning reserves, and reliability metrics
  • Practical examples
10:45 - 11:00 AM

Morning Break

11:00 AM - 12:00 PM

Current Issues: Reliability, Wildfire Mitigation, Forecasting, and Other Emerging Challenges

This session examines key reliability challenges and strategies for mitigating risks to the transmission system, including wildfire management and system hardening. Participants will also explore forecasting approaches, emerging threats such as cyber risks and climate impacts, and engage in discussion on balancing cost, reliability, and safety.

  • Reliability standards and enforcement (NERC, FERC)
  • Wildfire risk management and transmission system hardening
  • Forecasting load, generation, and extreme events
  • Emerging issues: cyber risks, climate resilience, and regulatory developments
  • Participant discussion: strategies for balancing cost, reliability, and safety

Instructors

John Wolfram

Principal

Catalyst Consulting LLC

John Wolfram is the founder and Principal of Catalyst Consulting LLC, specializing in utility rate cases, tariffs, FERC formula rates, and complex regulatory matters. He has over three decades of experience in electric and gas utility regulation, ratemaking, and market operations.

He began his career at PJM, where he implemented energy management systems and later developed new practices and tools to support FERC Orders No. 888 and 889 during the deregulation of wholesale electricity markets. At Louisville Gas & Electric and Kentucky Utilities, he led regulatory affairs, rate cases, transmission siting, and strategic initiatives with FERC and state commissions.

Since founding Catalyst Consulting in 2012, Mr. Wolfram has provided expert testimony and strategic guidance to utilities on rate design, open access transmission tariffs, and regulatory compliance. He is a Senior Member of IEEE and frequently presents on FERC and ratemaking topics at national industry forums.

Education:
B.S., Electrical Engineering – University of Notre Dame
M.S., Electrical Engineering – Drexel University (Power Systems & Engineering Management)

Thomas E. King, Jr. (aka Tom King)

Vice President of Regulatory Affairs

Wolverine Power Cooperative

Tom King Jr, PE, is Vice President of Regulatory Affairs at the Wolverine Power Supply Cooperative, Inc. (Wolverine). He provides strategic direction for Wolverine’s regulatory and policy at the state, national (MISO and PJM), and federal level, Wolverine’s transmission planning team, and Wolverine’s 24x7 Energy Control Center team. 

He joined Wolverine in 2008 as a transmission planner responsible for NERC and MISO transmission planning duties before transferring to regulatory duties in 2013. In 2023, he assumed the Vice President of Regulatory role.  

Tom received his Bachelor of Science in Electrical Engineering with a focus in Power from Michigan Technological University in 2008 and achieved his Professional Engineer license in 2012. He lives in Manton, Michigan with his family on a hobby farm. 

Continuing Education Credits

IACET

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EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 0.9 CEUs for this event

Verify our IACET accreditation

 

Who recognizes IACET Credits?

 

Requirements for Successful Completion of Program

Participants must log in each day and be in attendance for the entirety of the conference to be eligible for continuing education credit.

 

Instructional Methods

Presentations, group discussions, case study analysis, Q&A, scenario-based discussions, interactive polling, knowledge check, practical exercises and assignment.

CPE

Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Course CPE Credits: 10.5
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None

CpeEUCI 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

CLE

Only registered attendees can request CLE credits for an EUCI course/event. Please email [email protected] prior to the course start date and list the state where you are licensed and your bar# as well as the name and date of your course/event in your request, and someone will be in contact.

Who Should Attend

  • Transmission planners and engineers (utilities)
  • Regulatory affairs staff (utilities)
  • Utility finance and accounting professionals
  • Operations managers handling large loads
  • Independent power producers (IPPs) and developers
  • State utility regulators and staff
  • Federal agency energy staff (DOE, FERC liaison)
  • Legislative energy policy staff
  • Energy consultants and advisors
  • Legal/economic consultants for FERC compliance
  • ISO/RTO market and transmission staff
  • Academia and researchers in energy/electric power