Rate Design for Electric Cooperatives

Date: Wednesday, November 15, 2023
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter: Craig Woycheese, Senior Rate Analyst, Toth and Associates
Moderator: Peggy Maranan, CPA, DBA, MBA, CFO & Vice President-Finance, DEMCO
Learning Objectives:
Section 1: Rate Challenges in Today’s Environment – In this section, you will learn the challenges electric cooperatives are facing in today's environment.
Section 2: Overview of Rate Concepts – In this section, you will learn about various rate concepts and their objectives.
Section 3: Rate Implementation – In this section, you will learn about strategies for rate implementation to ensure a smooth transition.
Field of Study: Finance
Program Level: Basic
CPE Credit: 1.5 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
IMPORTANT NOTE:
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Course Description

In today's rapidly evolving energy landscape, electric cooperatives face unprecedented challenges. Our expert speaker, Craig Woycheese, Senior Rate Analyst at Toth and Associates, will guide you through these obstacles, offering practical insights and solutions to help you navigate the changing terrain.

In the first section, we'll explore the unique challenges that electric cooperatives encounter, providing you with a comprehensive understanding of the issues at hand. Next, we'll dive deep into the fundamentals of rate design, shedding light on various rate concepts and their objectives. Whether you're an industry professional or a newcomer, this section will equip you with a solid foundation in rate design principles. Finally, we'll discuss essential strategies to ensure a smooth transition when implementing new rates, helping you optimize your operations and customer relations.

Presenter and Moderator Bios

Presenter: Craig Woycheese, Senior Rate Analyst, Toth and Associates

Craig Woycheese is a Senior Rate Analyst at Toth and Associates. His work experience with planning for electric power systems has included all facets of load forecasting, customer usage data verification, and economic analysis. His other responsibilities in rate analysis and cost of service analysis include plant and expense allocations, revenue projections, determination of rate of return by rate class, and final rate design.

He has provided cost of service and rate assistance for electric utilities across the Midwest, including Missouri, Arkansas, Oklahoma, and Iowa. Craig is skilled in presenting study results to utility management, plus document preparation, and supporting testimony for Public Service Commissions.

Affiliations and Honors:

  • Association of Government Accountants Member
  • American Public Power Association Member

Education:

  • Bachelor of Arts in Business & Accounting - Drury University
  • Master of Business Administration - Missouri State University

Publications:

  • A. L. Toth, C. R. Woycheese and J. B. Chapman, “Rate Considerations Related to Solar Distributed Generation,” 2018 IEEE Rural Electric Power Conference (REPC), Memphis, TN, USA, 2018, pp. 50-60. doi: 10.1109/REPC.2018.00017

Moderator: Peggy Maranan, CPA, DBA, MBA, CFO & Vice President-Finance, DEMCO

Peggy Maranan joined DEMCO in February, 2021 and serves as VP, Finance. DEMCO is located in Greenwell Springs, LA. Prior to that time, Peggy worked at Lee County Electric Cooperative, Inc. in North Ft. Myers, FL for twelve years as Manager, Financial Accounting.

She received a B.S. in Accounting from DeSales University in Center Valley, PA, an MBA from Wilkes University in Wilkes-Barre, PA, and a doctorate degree in business administration (DBA) in 2015 from Argosy University, Sarasota, FL. Peggy holds a CPA license in Florida.

Peggy served on the National Society of Accountants for Cooperatives (NSAC) Electric Cooperative Chapter (ECC) Board, and currently serves as the Immediate Past-President. Peggy authors accounting and finance articles in the NSAC industry publication “The Cooperative Accountant”.

She is mother to four children, has seven grandchildren, and enjoys family-time activities.

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.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

Ideal for multiple attendees.
Use a speakerphone and projector/monitor and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.