Litigation Support: Assist counsel in development of litigation strategy, provide analyses of issues, prepare studies, prepare expert reports, affidavits, prefiled expert testimony, live expert testimony, and cross-examination.
Rate Case Intervention: Provide analysis of issues and studies in revenue requirements, cost allocation, and design. Kennedy and Associates has testified in more than 125 rate cases in the past five years, 80% of which included revenue requirements issues which we addressed. These cases included appearances before regulatory commissions in twenty-five states and the FERC.
Rate of Return: Develop cost of equity capital analyses, appropriate capital structure, and overall rate of return.
Contract Negotiation: Assist clients in direct negotiations with utilities, and independent "due diligence" analysis of utility contract proposals.
Auditing (Management, Financial, and Regulatory): Perform audits of electric, natural gas and water utilities encompassing management and organizational structure, processes, affiliate transactions, regulatory compliance, and other financial, tax, and regulatory issues.
Economics of Supply-Side and Demand-Side Resource Acquisitions and Retirements: Critique and analyze the cost impacts and rate treatment of utility generation planning and construction decisions. Determine the financial impact of regulatory alternatives regarding such issues as CWIP in rate base, deferral accounting, post-in-service ratemaking and write-offs.
Avoided Cost: Perform avoided cost calculations and forecasts, prepare cogeneration feasibility studies, provide assistance in negotiation of avoided cost rates. Develop standby and back-up rates.
Utility Rate/Cost Projections: Prepare long-term forecasts of electric utility rates and costs. Forecasts explicitly consider utility construction programs, fuel mix and costs, load growth and cost allocation techniques. These forecasts can estimate the impact, for example, of alternative acid rain proposals on a specific utility basis.
Load Forecasting: Perform econometric, end-use and alternative time-series load forecasting studies. Projections explicitly consider customer usage, alternative fuel prices, economic and demographic conditions, appliance saturation, and own price elasticity.
Prudence Investigations: Perform prospective and retrospective investigations into significant managerial and planning decisions affecting utilities' costs and revenue requirements.
Renewable Energy/RPS: Develop renewable portfolio standards and perform analyses of new supply side and demand side alternatives. Assist clients in review of expansion of renewable energy resources in various states, climate change policy, integrated resource planning, energy efficiency, green pricing tariffs, smart grid deployment, and bulk power transmission planning issues associated with renewable resources.