Updated Course! The NRECA and CFC jointly-developed publication titled “Retail Rate Guide” (2017) is featured in this course. If you haven’t taken this course in over three years, it’s time to take it again. Directors discuss the complex issues they must balance when they consider business plans, financial policies, alternative rate philosophies and strategies. This course discusses how current rate methodologies affect rising power costs and the current focus on energy efficiency and conservation. Attendees use case studies and problems to analyze and discuss issues such as equity goals, long‐range revenue requirements, achieving fairness for multiple rate classes, and dealing with proposed rate increases.

Learning Objectives:

• Recognize the board’s role as regulator
• Discuss the board’s role in balancing rate policy with the needs of consumers, the cooperative and regulators
• Recognize the goals that rates can help achieve and the political trade‐offs they require so the board can provide sufficient guidance to management through policy
• Reference the jointly developed NRECA/CFC Retail Rate Guide to provide practical considerations and steps in the rate‐making process as well as address the changes sweeping the electric utility industry

Who should attend?

• CEOs
• Directors
• Employees