Issues Analyzed

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Energy Market and Regulatory Analysis
ACG's Energy Market and Regulatory Analysis experience includes examining numerous complex issues concerning regulated utility companies. Some of these issues include decoupling mechanisms, capital tracking mechanisms, inflation mechanisms, demand side management and energy efficiency programs and evaluations, renewable energy, rate design and class cost of service studies.


Affiliate relationships Merchant power interconnection
Capital tracking mechanisms Multi-control area power market modeling
Cogeneration Natural gas markets
Competition/Market power Natural gas pipelines
Competitive bidding/RFPs Natural gas retail choice
Consumer education Nuclear power prudence
Cost allocation Performance based regulation
Cost of service Price cap regulation
Customer service codes Price elasticity of demand
Decoupling Public policy programs
Demand side management Purchased gas adjustment
Distributed energy resources Rate design
Econometric modeling Rate unbundling
Economic conditions Restructuring
Electric retail choice Revenue distribution
Environmental externalities Renewable energy
Fuel choice econometric modeling Stranded costs
Fuel price forecasting Statistical benchmarking
Generation interconnection standards Technology and innovation funding
Incentive regulation Transmission independence/governance/ISOs & RTOs
Inflation riders Total factor productivity
Infrastructure riders Unbundling plans
Integrated resource planning Universal service
Load forecasting Weather normalization adjustments
Market power  
Revenue Requirements
ACG has significant experience analyzing a variety of revenue requirements issues concerning electric, gas, telecommunications, and water and wastewater utilities. Our experience ranges from affiliate transactions and nonutility analyses to advertising expenses and disallowances.


Acquisition adjustments Gross receipt tax treatment
Advertising expenses Lead-lag studies
Affiliate transactions Litigation costs
Allocations Lobbying expenses
Asset valuation Non-utility investments
Attrition analysis Pensions and benefits
Capital budgeting Pro forma adjustments
Cash flow analysis Projected test year
Contribution in aid of construction Property taxes
Cost of living ceilings Rate case expenses
Decision making processes Revenue sharing
Deferred income taxes and investment tax credits Sale and leaseback
Depreciation methodology Sensitivity analyses
Directory revenue Tax issues; Deferred taxes
Divestiture adjustments and budgets Tax effect of interest
Excess deferred taxes Test-year projections
Excess revenue sharing Plant under construction
Financial integrity analyses Wages and salaries
Financial planning and modeling Working capital
Cost Of Capital
ACG has over 30 years of experience examining an assortment of cost of capital issues.


Asset valuation Double leverage
Capital structure Excess earnings
Comparable earnings analysis GAAP
Construction work in progress Internal generation of funds
Cost allocation Market-to-book ratio
Cost of capital Parent-subsidiary relationships
Cost of debt and preferred stock Risk analysis
Cost of equity Working capital
Debt vs. equity cost analysis
Other Issues
Other issues examined by ACG range from issues related to the Telecommunications Act of 1996 to stimulation and repression.


Access line forecasting Telecommunications Act of 1996
Extended area service/Extended local calling services Telecommunications rate design
Incentives and penalties to enhance performances Total element long-run incremental costs
InterLATA MTS forecasting/Demand analysis Unbundled network element costing
Performance measures Used and useful analyses
Stimulation and repression issues Wholesale telecommunications markets