Cost of Service Part 2: Functionalization, Classification, and Allocation

CPEL 1.5 Credit Hours

Are you ready to take your cost management strategies to the next level? Throughout this informative session, you'll uncover the key strategies and methods necessary to effectively allocate costs and adjust rates for various customer classes. Learn about the different methods used to classify and allocate power supply costs, how to allocate customer costs, and strategies for assigning distribution demand costs. Discover how to determine rate adjustments using a cost-of-service approach, and gain the skills to calculate unbundled unit costs by allocating costs to each rate class. By the end of this webinar, you'll be well-equipped to navigate the complexities of cost allocation and rate adjustments, making informed decisions that benefit both your utility company and your members. Don't miss out on this invaluable opportunity to enhance your expertise in utility rate management.

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: Melissa Wood, MBA, CPA, CFPC, Chief Financial Officer, First Electric Cooperative Corporation

Melissa Wood is the Chief Financial Officer at First Electric Cooperative Corp. in Jacksonville, Arkansas. She has been with the Coop since December 2012. Prior to her career with the Coop she was in the banking industry in New York for 12 years with JP Morgan and Bear Stearns. Melissa received her bachelor of business administration with a concentration in accounting from the University of Central Arkansas in 1991 and her masters of business administration from Memphis State University in 1994. She is a certified public accountant holding certificates from Arkansas and New Jersey. Melissa currently serves on the NSAC National Board of Directors, representing the Electric Cooperative Chapter.