- Electric/Water Cost-of-Service & Rate Study
Burns & McDonnell assisted Owensboro Municipal Utilities through the preparation of a cost-of-service analysis and rate study for the electric and water systems. Included in this study were specific tasks that included system financial planning, cost-of-service analysis and rate design. The results of the study were presented to the utility board and to the city council.
- System financial planning
- Cost-of-service analysis
- Rate design
Before undertaking this study, Burns & McDonnell completed preparation of work on updating the water and electric system financial planning models. This project required a complete restructuring of the water and electric system forecasting models into Excel files. Burns & McDonnell worked with OMU staff in the restructuring process to assure the models would be in a format consistent with other OMU financial information. As part of the process, Burns & McDonnell trained OMU staff on using the model and making adjustments to the model when appropriated in the future.