The Basics Of Alternative Ratemaking Mechanisms For Public Utilities

January 14-15, 2021


Thursday, January 14, 2021 : Central Time

8:45 – 9:00 a.m. :: Login and Welcome

9:00 a.m. – 4:00 p.m. :: Course Timing

12:00 – 12:30 p.m. :: Lunch Break

Module 1: Traditional Rate of Return Ratemaking

Module 2: Alternative Ratemaking

Module 3: The Objectives of Alternative Ratemaking Mechanisms

12:00 – 12:30 p.m. :: Lunch Break

Module 3 (Continued): The Objectives of Alternative Ratemaking Mechanisms

Module 4: Specific Alternative Ratemaking Mechanisms

Day 1 Questions and Concluding Remarks

Friday, January 15, 2021 : Central Time

8:45 – 9:00 a.m. :: Login and Welcome

9:00 a.m. – 12:00 p.m. :: Course Timing

Module 4 (Continued): Specific Alternative Ratemaking Mechanisms

Module 5: Hands on Problems

Questions and Concluding Remarks


Bill Steele, President, Bill Steele and Associates, LLC

Mr. Steele has over 40 years of experience in public utility regulation in which he has acquired an extensive knowledge of electric, gas and telecommunications industries. Mr. Steele’s has expertise in utility accounting, revenue requirements, cost allocation, class cost-of-service studies, rate design, cost-of-capital, alternative forms of regulation, mergers and acquisitions.

Prior to forming Bill Steele and Associates LLC in May of 2012, he spent 34 years with the Colorado Public Utilities Commission (CPUC) as an advisor to the Commissioners, Mr. Steele served as an advisor to the three Colorado Public Utilities Commissioners and the Commission’s six Administrative Law Judges. Mr. Steele demonstrated his broad expertise in the areas of electricity and natural gas utility regulation, which included the areas of revenue requirements, cost-of-service analysis, rate design and alternative forms of regulation. He also served in the role as the Commission’s subject matter expert in utility accounting and finance matters.

In addition, Mr. Steele’s advisory responsibilities included the training of new Commissioners as well as conducting in-house training courses on various utility issues, such as how to apply traditional regulatory principles to emerging issues in public utility regulation.

Mr. Steele has also been an instructor at “Basics of Regulation” training course offered by the Center for Public Utilities (CPU) at New Mexico State University for over 20 years. The main topics which Mr. Steele teaches included revenue requirements, a hands-on revenue requirement problem, class cost-of-services studies and other regulatory topics as required. Mr. Steele In his role as an instructor at the CPU has trained numerous state commissioners, members of state commissions staff, as well as, members from industry and consumer advocate organizations.  Mr. Steele is also a member of the CPU’s Advisory Council.

Mr. Steele is a frequent presenter to the National Association of Regulatory Utility Commissioners staff Subcommittee on Accounting and Finance on various regulatory topics, including alternative forms of regulation. On January 5, 2018, Colorado Governor Hickenlooper by Executive Order (A 2008 002) appointed Mr. Steele to serve as a representative of small business on the Utility Consumers Board (UCB). Mr. Steele as a board member of UCB, provides to the Office of Consumer Counsel general policy guidance on matters that involve utility regulation and legislative matters.


We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.