our programs

Regulatory Training Initiative

 

 

 

What is the Regulatory Training Initiative?

NARUC's Regulatory Training Initiative (RTI) provides live online and pre-recorded training courses to regulators, commission staff, and stakeholders to increase their knowledge of regulatory issues and processes. The courses focus on the principles of regulation, as well the key skills required to participate in regulatory proceedings, including regulatory accounting and finance, cost-benefit analysis, and the fundamentals of utility law. The curriculum also includes emerging issues and policies in utility regulation, and introductions to new and emerging technologies and requirements affecting electricity, water, gas, and telecommunications. Courses range in length from 6 hours to 18 hours and are accessed remotely via Zoom.  Students are encouraged to ask questions and propose new subjects and instructors to help the initiative grow and expand.

Upcoming Live RTI Courses

 

February 28, March 1, March 2, 2023 – Rate Case Basics – How to Prepare, Read, and Analyze a Utility Rate Case

This 3-day/6 hour course taught by Bill Steele provides an introduction to utility rate cases.  It reviews the basic parts of a rate case and explains how these cases are developed.  Students will learn how to read and audit a rate case.

Fees: $150 NARUC members; $300 others

Click here to register

March 21, 22, 23, 2023 - How to Be An Effective Witness

This 3 day/6 hour live course taught by QSI consulting is directed to commissioners, commission staff, and stakeholders who prepare and deliver testimony in state regulatory proceedings.  It reviews the institutional context of administrative agencies and how they implement their key purpose, the promotion of the public interest, through witness testimony. The course will also provide guidelines for writing sound and persuasive testimony as the foundation for being an effective witness.

Fees: $150 NARUC members; $300 others

Click here to register

 

AVAILABLE ON-DEMAND COURSES

The Basics of Utility Accounting and Ratemaking for Regulators (Coming Soon)

This 3-day/6 hour course provides an introduction to the processes, general principles, and terms used in financial accounting and reporting by regulated utilities.  The course addresses items of particular importance to utility regulation, including investments in capital, depreciation, etc. Examples from the utility industry will be used to illustrate key concepts and calculations. 

Fees: $99 NARUC members; $199 all others

 

Benefit-Cost Analysis for Distributed Energy Resources  (Coming Soon)

This course reviews the purpose, process, and key considerations in cost-effectiveness testing of single or multiple distributed energy resource (DER) investments.  The course describes the fundamental principles of benefit-cost analysis, key factors and considerations for identifying relevant costs and benefits for different DER technologies, and how to use a common framework to develop a primary BCA test for DERs. 

Fees: $99 NARUC members; $199 all others

 

Including Equity and Energy and Environmental Justice in State Public Utility Commission Decisions

This course reviews the major definitions and dimensions of E&EEJ, including: reviewing proposed metrics for studying E&EEJ effects in each major dimension; reforming public participation processes to advance diversity, inclusiveness, and equity; examining the distribution of costs and benefits produced by ratepayer-funded programs and utility investments; adjusting utility tariffs to achieve more equitable outcomes; and integrating E&EEJ into the daily practices of utilities and utility regulators. The course will also report on  the way in which state commissions are incorporating equity perspectives into utility regulatory proceedings.  Click here to register.

 

Telecom 101

This is an 8-hour course on current topics in telecommunications. It reviews the history of telecommunications regulation and universal service and the changes in state and federal oversight as competition has replaced direct regulation. Topics covered include Universal Service, Cooperative Federalism, the 1934 and 1996 Telecommunications Acts, key technical innovations (VoIP, wireless, 5G, satellite broadband), Lifeline, broadband deployment and adoption, and consumer protection. Click here to register.

Fees: $125 NARUC members; $250 all others

 

Fundamentals of Resource Adequacy

This recent RTI course covers concepts in resource adequacy and emerging methods to ensure grid reliability. This an eight-hour course, presented in four two-hour lectures. The course addresses several topics, including resource adequacy as an assessment of risk; the definitions and relationships between resource adequacy, reliability, and resilience; the role of regulators in assessing, forecasting, and ensuring resource adequacy; and emerging concepts in resource adequacy. Click here to register.

Fees: $125 NARUC members, $250 all others

 

An Introduction to Utility Accounting

This course provides an introduction to general accounting principles, for example, the importance of generally accepted accounting procedures, balance sheets and income statements, and cash vs. accrual accounting. It also addresses items of particular importance to utility regulation, including investments in capital, depreciation, etc. Examples from the utility industry will be used to illustrate key concepts and calculations. Click here to register.

Fees: $99 NARUC members; $199 all others

 

An Introduction to Utility Finance

This course provides students with an understanding of the basic finance and regulatory concepts of utility regulation. Topics to be covered include why utilities are regulated; risk and return; portfolio theory; the relationship between rate base and capital structure; the weighted average cost of capital; and the required return on common equity. The course will also review financial concepts commonly associated with utility regulation, such as optimal capital structure, market-to-book ratios, and securitized bonds. Click here to register.

Fees: $99 NARUC members; $199 all others

 

An Introduction the Theory and Practice of Regulation

This program will provide participants with an introduction to the principles and practice of regulation. The principles of regulation are a mix of engineering, financial, legal, accounting, and economic concepts and methods that provide the basis from which regulatory decisions are made. The practice of regulation focuses on the scope of regulatory decisions and how those decisions are made, including the mix of different types of expertise needed to mold those decisions. Click here to register.

Fees: Free

 

FUTURE COURSES

  • Telecommunications Technology and Jurisdiction
  • Demand-Side Management: Energy Efficiency and Demand Response
  • Accounting for Non-Accountants
  • What Exactly is a Rate Case and How do I Review One?
  • Alternative and Performance-Based Regulation
  • Scott Hempling’s Fundamentals of Utility Law

REGISTERING FOR RTI COURSES

  • Your MyNARUC account is used to register and take courses. If you don’t have an account, create one at https://www.naruc.org/mynaruc/
  • Commissioners and commission staff members should be sure to use their commission email addresses when creating a MyNARUC account to ensure proper pricing. There is no charge for a MyNARUC account. 
  • Pricing for courses is based on course length. NARUC commission members receive a discounted price.   
  • To register for a course, go to https://www.naruc.org/our-programs/rti/ and select the course you want to take.  The site will redirect you to the RTI registration site.  Login to the site with your MyNARUC ID.
  • Once you’ve logged in, click on the top navigation bar, select Register for Courses, and then choose the course you want to take.

CANCELLATIONS

If you are unable to attend or secure a substitute from the same organization, cancellation must be submitted via email to Bunnary Tan @ btan@naruc.org. A refund less a 20% processing fee will be provided if the cancellation is received no later than one week prior to the start date of the course.

SUBSTITUTIONS

If you cannot attend an RTI class, you may substitute an individual from the same organization.  The substitution must be made one week prior to the course.  The substitute must have a profile in the system.  Click this link to create a profile in MatrixMaxx => https://www.naruc.org/mynaruc/. For assistance, email tarrington@naruc.org or rtisupport@naruc.org.

NARUC reserves the right to cancel or postpone courses in the unlikely event of insufficient enrollment or other unforeseen circumstances. 

 

Please email questions to RTISupport@naruc.org