Challenge
Confronted with a disallowed rate case caused by errors in a recent filing, our client was directed by management to eliminate errors and win back the confidence of their commissions. However, their filing system provided little transparency or security in the data and calculations, which made auditing their filing package very difficult.
Solution
- The UI Solutions Group's Regulatory module’s multidimensional calculations and reporting provided management with the ability to produce accurate and auditable regulatory results.
- The system’s editable logic and formula drilldown created a completely transparent user experience, giving analysts the ability to validate results.
- UI Solutions Group's automated and ready-to-file Excel Working Model package — including filing schedules, workpapers, and data requests that satisfied commission requirements – avoided the need for manual intervention prior to filing.
Impact
The utility streamlined the time to file a rate case, with improved accuracy that, in turn, improved credibility with the commission. Automated calculations and filing schedules enabled the client’s regulatory staff to do more analyses and make changes as necessary.
