Introduction to Natural Gas Ratemaking
This course is part of the ratemaking track and is intended for anyone needing or wanting a more thorough understanding of the ratemaking process natural gas companies follow to set rates charged to customers. Topics covered include fundamentals of economic regulation, regulatory overview, who regulates what: state and federal regulators and regulatory restructuring. As a result of taking this course, the student should learn the following.
- The reasons for regulated rates
- Economic impacts when regulated rates are more or less than a fair market value
- Industry segments that are and are not under price regulation
- Regulatory bodies that have jurisdiction over industry segments
- Evolution of regulation and impacts on industry activity
- Current market and regulatory framework