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 DSC-FBR approved in KS
Testimony filed in KS/IL/WI State Commissions (Macke, Larson)