Collection of one day courses. Find out more at www.RegulatoryLearningLab.com

1. 1
COURSE NAME: Revenue Requirement –
Everything
You Have Been Wanting to Ask
OPTION 02
What ifs: Customer numbers change, updating for actuals and
other common questions
Reconciling revenue requirement with IFRS statements
A closer look at interest, OMA and depreciation
Knowing when things will go in-service and why it matters to
revenue requirement
Group Exercise: Revenue Requirement Reviews
Case study: Deep dive into PBR rebasing in 2020+ in Alberta
Phase I vs Phase 2 – The pie and how it gets sharedHow the game changed: Discussing PBR and similar mechanisms
Is this the same thing as the tariff? The key differences explained
Examining the connection to ROE
The test year and tackling problematic trends of ups and downs
Wrinkles: How timing of decisions can impact your numbers
The old game. Asking for more / expecting a little less
Deconstructing the formula for revenue requirement

2. 2
COURSE NAME: Be an ROE Hero – Dive into
Return on
Equity for a Regulated Utility
OPTION 02
Where and how do disallowances come into play
Lumpy revenue – Normalizing for riders and other adjustments
Fortune telling: What impact could significant industry trends
and shifts like grid modernization have on ROE
3 Questions to improve ROE analysis - compared to past
3 Questions to improve ROE analysis – compared to projected
Develop a rules of thumb for ROE: How much will it take to move
the needle
3 Questions to improve ROE analysis – compared to othersDiscuss the business levers drive ROE up and down
The “Fair Return” standard
Equity “thickness”
Cost of capital – what, where and how does it fit in
Where do I find my own organization’s ROE
How does my ROE compare – Canadian tour of jurisdictions
Breaking down Return on Equity (Equity – what is in and what is out
and Return means what exactly)

3. 3COURSE NAME: Capital Bootcamp
OPTION 02
Business cases and capital planning – how it ties in
UAD - Utility Asset Disposition in a nutshell
CIAC – Construction in Aid of Capital simplified
AFUDC / IDC – What is it and what do I need to know
“No Cost Capital” – What is the story
Rate base vs PPE; know these numbers like the back of your hand
Recap with several real life utility capital profilesWhat do the auditors look for in capital section
Where / how to find and read PPE disclosure notes
Depreciation and depreciation studies
Depreciation vs amortization – let’s talk about intangibles
Capital vs expense
Behind the scenes in fixed asset land
The lifecycle from acquire to retire

4. 4COURSE NAME: Welcome to the World of
Rate Regulation
OPTION 02
Common misconceptions about regulatory
Rates vs facility applications
How do you win at regulatory?
So how do you make money, how can you make more money and
can you lose money?
The proceeding steps and overall process and rules of
practice
Recoverable – what does that really mean
As close as you can get to an oral hearingPrudent – defined and who owns the burden of proof
Natural monopoly – The implications
Touch points with generation and with wholesale
/ customer retail
The acts and regulations
Where / how do I understand costs per customer
The language of regulator
Bonbright’s story – Regulatory principles 101

5. 5
COURSE NAME: 12 Things Every Industry
Newcomer Needs to
Know
OPTION 02
Who is who in the zoo: Regulators, Intervenors, Utility and its
Owner(s), Government
Basics of: Meter reading, Control Center, Power line techs
and Billing
KPIs: Aka how many acronyms can you handle? SAIDI, SAIFI,
EBITDA, ROE, CTS
A glimpse into trends: Aging infrastructure, electric vehicles, solar
and clean energies lots of resources for further reading
Utility risks: Let’s figure out what could go wrong
Make sense of typical consumption to better understand Kwh
and GJ levels
Day in the life of a power meter: Exploring typical demand peaks
over a 24-hour period
Let’s go shopping: Learn the basics of buying and selling energy
Customers: Who are they and what is this energy actually being
used for – residential, commercial, industrial
Putting ourselves in our customers shoes - What do they really
care about?
Let’s look at a utility bill: Dissecting energy charges,
administration, delivery fees and riders
Slicing up the utility space: Generation, Transmission,
Distribution and Retail

6. 6
COURSE NAME: Get Ready for IRs – Best
Practices
for a Smooth Process
OPTION 02
What to do when you can’t find the data to respond to an IR
Handling IRs with a large volume of tables and numbers
Quality reviews to avoid errors and put your best foot forward
Don’t be the boy who cried wolf – Build your IR orientation pack
Sharing lessons learned and best practices among the group
What to do when you don’t have a good story to tell
Technique to predict what IRs you will get to buy extra time
Writing resources to improve word choice in IRs
What regulatory can learn from marketing “personas”
Project management tools to help when assigning, ranking risk
and tracking IR progress
Critique real IR responses using the Goldilocks principle
What is really required – examining “fully” and “adequately”