Interest in PBR and Altreg Continued in 2023

Myriad Botanical Gardens in Oklahoma City



Performance-based regulation (“PBR”) and other alternatives to traditional ratemaking (collectively called “Altreg”) continue to be hot topics in 2023. PEG President Mark Newton Lowry gave a talk on Altreg at the spring conference of the NARUC Staff Subcommittee on Accounting and Finance in Oklahoma City. He then taught the Altreg segment and Regulatory Strategy workshop at the Edison Electric Institute (“EEI”) Electric Rates Course July 23-26 at the University of Wisconsin in Madison. In August he taught a session on Altreg at the Fundamentals Course of the Michigan State University Institute of Public Utilities. In September, he gave a talk on Incentivizing Capital Efficiency to NARUC’s PBR State Working Group. In October he conducted a 3-day seminar on PBR for NARUC’s Regulatory Training Initiative and taught the PBR segment at the Energy Utilities Basic Course of the Wisconsin Public Utilities Institute in Madison. On behalf of the Edison Electric Institute, Dr. Lowry organized and moderated a panel on Alternative Regulation for Emerging Electric Industry Challenges at the NARUC Annual Meeting in La Quinta, CA. Also in La Quinta, he participated in a panel on rate design at the Critical Consumer Issues Forum. In December, he spoke on “Why Performance-Based Rates Make Sense” at EUCI’s Advanced Rate Design conference in Denver.