A Formula-Based Rate (FBR) plan, which periodically adjusts rates based on a predetermined formula, defines a clear and balanced path to safety, reliability, and high service quality, as well as a strong balance sheet and reasonable rates.
The main benefits of employing an FBR include:
Our team prepares, evaluates, and files a variety of FBR mechanisms for utilities and commissions in the US, including DSC/TIER ratemaking, transmission formula rates, property tax surcharges, and fuel and purchase power cost adjustments.
The Utility Edge Newsletter Article on the FBR
The Utility Edge Newsletter Article on the DSC-FBR approved in KS
Testimony filed in KS/IL/WI State Commissions (Macke, Larson)