How Electricity and Demand Really Work & How It Affects Rates

Date: Thursday, May 19, 2022
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter: Mike Searcy, Managing Consultant, Guernsey
Moderator: Bill Erlenbush, CPA, Director of Education, NSAC
Learning Objectives:
Participants will have a better understanding of the following:
-Recovering Costs As Costs are Incurred – provides revenue stability and maximizes fairness in rate designs
-Traditional Two Part Rates – can still be effective today - but there are many pros and cons
-Three Part Rates for Residential – can be based on recovering fixed power cost or fixed distribution cooperative costs, and there are many pros and cons
Field of Study: Specialized Knowledge
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
  Order Recording

Course Description

As cooperatives consider moving from traditional to more innovative rate design structures, it is increasingly important to understand the different billing units required for each innovative design. Three-part, Four-part, Time-of-use, Critical peak, Super off-peak and other innovative rate designs require an understanding of and access to a range of billing units. These include Non-coincident demands, Coincident demands, Time-based energy usage, KVar, and more. Mike Searcy will describe some of the billing units required for innovative rate designs, and explore some of the challenges involved in obtaining, using, and explaining them to members.

Presenter and Moderator Bios

Presenter: Mike Searcy, Managing Consultant, Guernsey

Mike Searcy, Managing Consultant, Guernsey With 40 years of cooperative experience, Mike Searcy has assisted cooperatives in more than 15 states (including states with regulatory commissions and those without) spread across the country to develop rate designs based on cost-of-service studies. He has provided training in the process for a variety of cooperative boards, management and staff and participated in the development of NRECA/CFC’s recently published Retail Rate Guide. Searcy began his career in 1982 at an electric cooperative. He serves as a Managing Consultant at Guernsey, a national Consulting, Engineering and Architecture firm for over 17 years, providing management, cost of service, rate design and energy efficiency consulting to public power clients, both for their core businesses as well as their subsidiary functions. Bill Erlenbush, CPA, NSAC Director of Education Bill Erlenbush spent his entire career working in cooperative accounting at GROWMARK. His work experience includes all aspects of order control and billing, accounts receivable/payable, financial accounting, and tax. As compliance officer, he had responsibility for the administration of the compliance and ethics program at GROWMARK and its subsidiaries and retail divisions. In addition, he was been involved in negotiating major acquisitions for GROWMARK. His educational background includes a Bachelor of Science degree in Accountancy from the University of Illinois and an MBA from Illinois State University. He is a Certified Public Accountant. Bill is an active member in many industry, professional, and community organizations. He is past president of the Mclean County United Way Board of Directors as well as the past president of the Heartland Community College Foundation Board of Directors.

Moderator: Bill Erlenbush, CPA, Director of Education, NSAC

Bill Erlenbush spent his entire career working in cooperative accounting at GROWMARK. His work experience includes all aspects of order control and billing, accounts receivable/payable, financial accounting, and tax. As compliance officer, he had responsibility for the administration of the compliance and ethics program at GROWMARK and its subsidiaries and retail divisions. In addition, he was been involved in negotiating major acquisitions for GROWMARK. His educational background includes a Bachelor of Science degree in Accountancy from the University of Illinois and an MBA from Illinois State University. He is a Certified Public Accountant. Bill is an active member in many industry, professional, and community organizations. He is past president of the Mclean County United Way Board of Directors as well as the past president of the Heartland Community College Foundation Board of Directors.

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

• All programs are delivered using the Zoom platform.
• Confirmations will include log-in instructions.
• Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
• All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
• There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.