Ratemaking made clear. Lead by Dustin Madsen, CPA, CA, CPA (IL, USA), CDP, Emrydia Consulting is a leading North American consulting firm specializing in the regulated and unregulated utility industry. With unparalleled qualifications and experience, a focus on excellence and client needs, and access to industry leading resources, Emrydia Consulting will provide clear solutions and recommendations to address your issues and concerns.
Emrydia Consulting realizes that each client is unique and faces challenges framed by its own jurisdictional, legal and strategic considerations. Our services are tailored to the unique engagement of each client. Areas of expertise include but are not limited to:
Rate design and cost of service studies
Depreciation and net salvage
Cost of capital
Cost-of-service and incentive-based regulation
IFRS and US GAAP
Income taxes
Forecasting of costs
Prudence assessments
Deferral and reserve accounts
Business valuation
Capital expenditures
Other services
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NB Power 2020/21 GRA - News article referencing the testimony of Dustin Madsen
“He said customers have already paid for the non-capital costs of what has been spent — about $1.92 million — and because the rest is to be paid by NB Power, a lower rate increase for it this year will only have to be made up later for the utility to hit debt and equity targets.”
'“NB Power's ratepayers have paid for some of those costs and will still ultimately pay for the remaining costs in the future … as while the costs are not included in revenues, they are offset against NB Power's equity, which is legislated to be set at 20 per cent," said Madsen.
"NB Power's ratepayers will not pay directly, but they will pay indirectly through higher net earnings for NB Power in the future. In my opinion, ratepayers should not bear this cost."
—https://www.cbc.ca/news/canada/new-brunswick/nb-power-eub-rate-hearing-joi-scientific-1.5462070