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SUMMARY:Energy Law Academy Course 102: An Introduction to Electricity and Electric Rate Regulation
DESCRIPTION:The goal of Course 102 is to provide an overview of electric regulation at the federal and state levels. The course begins with a brief overview of how electricity is generated\, transmitted\, and delivered to customers\, and covers key legal milestones in electric regulation since commercial electric service began in the 1870s. \n\n\n\nThe course explains how state and federal jurisdiction over different segments of the industry emerged under the Federal Power Act of 1935 and later legislation\, including the Public Utility Regulatory Policies Act of 1978 and the Energy Policy Acts of 1992 and 2005. We will review key regulatory concepts underlying all forms of regulation\, from traditional cost-of-service regulation to the parameters for setting market-based rates. \n\n\n\nThe course will also cover alternative regulatory regimes\, development of competitive wholesale and retail electric markets\, enforcement of the prohibition against market manipulation\, the role of Regional Transmission Organizations\, and the reliability regime administered by the North American Electric Reliability Corporation.View Speaker Bios Here \n\n\n\nREGISTRATION IS NOW CLOSED FOR THIS EVENT. The recordings of the presentations will be available on EBA On-Demand after the program ends.   \n\n\n\nWednesday\, June 25 \n\n\n\n11:30 AM – 12:15 PM (Mountain Time): Registration and Lunch\n\n\n\n12:15 – 12:30 PM: Welcome and Opening Remarks\n\n\n\n12:30 – 1:30 PM: Introduction to Electric Utility Industry and Legal and Economic Overview\n\n\n\nThis session will provide an overview of the electric utility industry. Our faculty will also address the extent and limits of state and federal jurisdiction under state law and the Federal Power Act (FPA). Our faculty will cover: \n\n\n\n\nThe Basics of the Electric Utility Industry\n\n\n\nState Regulation and Limitations (“Attleboro Gap”)\n\n\n\nFederal Regulation under the FPA\n\n\n\nFERC Enforcement Authority\n\n\n\nRole of Non-Jurisdictonal Utilities\n\n\n\n\n\n\nDan FrankPartnerEversheds Sutherland\n\n\n\n\n\n\n\n\n\n\n\n\n\n1:30 – 2:15 PM: Key Regulatory Constructs\n\n\n\nIn this session\, our faculty will explore key regulatory constructs used in electric rate regulatory matters\, including: \n\n\n\n\nJust and Reasonable Rates\n\n\n\nPrudent Investment\n\n\n\nUsed and Useful Investment\n\n\n\nKnown and Measurable Costs\n\n\n\nCost Causation and Subsidization\n\n\n\n\n\n\nJonathan SchneiderPartnerStinson LLP\n\n\n\n\n\n\n\n\n\n\n\n\n\n2:15 – 2:30 PM: Break\n\n\n\n2:30 – 4:30 PM: Traditional Cost-of-Service Regulation\n\n\n\nIn this session\, our faculty will do a deep-dive into the world of traditional cost-of-service regulation in the electric utility industry. In particular\, our faculty will explore the five-step process to determine regulated rates: \n\n\n\n\nRevenue requirement\n\n\n\nCost functionalization\n\n\n\nCost classification and the FERC Uniform System of Accounts\n\n\n\nCost allocation\n\n\n\nRate and tariff design\n\n\n\n\n\n\nElisabeth LatoneBranch Chief\, Office of Administrative LitigationFederal Energy Regulatory Commission\n\n\n\n\n\n\n\n\n\n\n\n\n\n4:30 – 5:30 PM: Reliability Regulation\n\n\n\nIn this session\, our faculty will provide an overview of the regulation of reliability under Section 215 of the Federal Power Act\, including: \n\n\n\n\nFPA Section 215 – responsibilities of the Electric Reliability Organization (NERC) and FERC\n\n\n\nStandards development process\n\n\n\nEnforcement and settlement practice\n\n\n\n\n\n\nLeigh Anne Faugust Managing Attorney of the Reliability Group in the Office of General CounselFederal Energy Regulatory Commission\n\n\n\n\n\n\n\n\n\n\n\n\n\nThursday\, June 26 \n\n\n\n8:00 – 8:15 AM (Mountain Time): Opening Remarks and Recap\n\n\n\n8:15 – 9:00 AM: Alternative Regulatory Structures\n\n\n\nIn this session\, our faculty will discuss alternatives to traditional cost-of-service regulation\, such as market-based rates. Topics to be discussed include: \n\n\n\n\nLegal and economic basis for market-based rates\n\n\n\nMarket analysis\n\n\n\nScope of traditional regulation\n\n\n\nMixed regulation – when some components are competitive and others are not\n\n\n\n\n\n\nPolo Soto\, Ph.D.Manager (Supervisory Energy Industry Analyst)\, Market-Based Rate Program Federal Energy Regulatory Commission\n\n\n\n\n\n\n\n\n\n\n\n\n\n9:00 – 9:45 AM: FERC Oversight of Market Manipulation\n\n\n\nIn this session\, our faculty will provide an introduction to FERC’s oversight of the wholesale power markets using its enforcement authority over market manipulation. \n\n\n\n\n\nJonathan SchneiderPartnerStinson LLP\n\n\n\n\n\n\n\n\n\n\n\n\n\n10:00 – 11:15 AM: Diverse Market Structures\n\n\n\nIn this session\, our faculty will provide an overview of the various market structures across the nation and the regulatory implications of having diverse market structures. Topics will include: \n\n\n\n\nEvolution of competitive generation – from PURPA to RTOs\n\n\n\nRTOs – purpose\, authority\, and regulation\n\n\n\nNon-RTO regions\n\n\n\n\n\n\nChristopher (C.J.) PolitoPartnerSidley Austin LLP\n\n\n\n\n\n\n\n\n\n\n\n\n\n11:15 AM – 12:30 PM: Overview of Relevant Electric Markets and Products\n\n\n\nIn this session\, our faculty will explore the various markets and products in electricity\, including: \n\n\n\n\nEnergy (day-ahead\, real-time)\n\n\n\nCapacity (in some RTOs)\n\n\n\nAncillary Services\n\n\n\n\n\n\nPolo Soto\, Ph.D.Manager (Supervisory Energy Industry Analyst)\, Market-Based Rate Program Federal Energy Regulatory Commission\n\n\n\n\n\n\n\n\n\n\n\n\n\n12:30 PM: Closing Remarks\n\n\n\nThank you to our sponsors: \n\n\n\n        \n            \n                                \n                    ne am hosts (1)                \n                            \n        \n        \n\n\n\n\nTypeMember RateNon-Member RateVirtual Participation$290$315Attorney/Energy Professional$390$415Young Lawyer$315$415Government Attorney/EP/Academic$365$415Solo Attorney/Small Firm$390$415Student$140$415\n\n\n\nCLE Statement:This program is eligible for 8.75 hours of CLE credit in 60-minute states\, and 10.5 hours of CLE credit for 50-minute states.  Credit hours are estimated and are subject to each state’s approval and credit rounding rules. \n\n\n\nTo Receive CLE Credit: \n\n\n\nIf you have met the participation requirements\, you will receive a personalized CLE affidavit from mcle-eba@americanbar.org for the program at which you attended at least one session to completion. Please check your spam or junk folders as these emails often end up there. Please note you will fill out one affidavit for the full event. Once you complete the affidavit\, you will be able to download your certificate(s) of attendance and they will be emailed to you as well from mcle-eba@americanbar.org. EBA is applying for CLE credit in Colorado for this event. \n\n\n\nScholarships: \n\n\n\nEBA offers eligible student\, government\, and academic members discounts on the rates for most EBA programs which carry CLE credits\, including EBA’s Annual and Mid-Year Meetings. EBA will\, on a case-by-case basis\, consider requests from members to attend EBA programs at a discounted rate. Discount requests must be made to EBA’s office at least fifteen days prior to the close of regular registration for the program in question. Requests will be considered by EBA if timely and complete. Discount requests must demonstrate a substantial financial hardship. Please submit your requests to jhannan@eba-net.org.
URL:https://www.eba-net.org/event/energy-law-academy-course-102-an-introduction-to-electricity-and-electric-rate-regulation/
LOCATION:Colorado Attorney General’s Office\, 1700 Lincoln Street\, Denver\, Colorado\, 80203\, United States
CATEGORIES:Energy Law Academy Events
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