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Office of Consumer Advocate and utility industry representatives met with regulators at the Iowa Utilities Board (IUB) to hear informational presentations and participate in a panel discussion regarding the utility ratemaking topic known as double leverage. The use of double leverage in ratemaking may be considered in circumstances where debt is used both at the utility subsidiary and the parent holding company levels to help finance a utility.
Panelists and guest speakers, including their available presentations, were:
- Mark Schuling, Consumer Advocate for the State of Iowa, presentation
- Jeff Kaman, John Deere & Company Energy Manager representing the Iowa Industrial Energy Group, presentation
- Dr. Roger Morin, Author of New Regulatory Finance and guest of the Iowa Utility Association, presentation
- Dan Ford, Barclay’s Capital and guest of the Iowa Utility Association
- William Rogers, Vice President and Treasurer of American Water, parent company of Iowa-American Water, presentation
During the panel discussion, participants examined how Iowa’s regulatory environment, economic development, and the utility companies themselves could be impacted by various factors, including double leverage. Pros and cons of ratemaking alternatives to the application of double leverage in utility rates were also debated.
Iowa Utilities Board members Libby Jacobs (Chair), Darrell Hanson, and Swati Dandekar participated in the meeting and engaged in open dialogue with the panelists, along with several IUB technical staff in attendance. Kerri Johannsen of the IUB moderated the meeting and may be contacted at (515) 725-7362 for additional information.
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IUB Board and staff: From left, Iowa Utilities Board technical staff Chancy Bittner, Board Member Darrell Hanson, and Board Chair Libby Jacobs talk with panel speakers. |
OCA and Panelists: Iowa’s Consumer Advocate Mark Schuling (in back) provides a presentation. In front, from left, Sheila Parker of the Office of Consumer Advocate, Jeff Kaman representing the Iowa Industrial Energy Group, William Rogers of American Water Company, and Dan Ford of Barclay’s Capital. |
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