{"id":29313,"date":"2022-11-22T12:29:56","date_gmt":"2022-11-22T20:29:56","guid":{"rendered":"https:\/\/copperleaf-test.majortom.dev\/?p=29313"},"modified":"2023-05-15T16:38:47","modified_gmt":"2023-05-15T23:38:47","slug":"building-a-defensible-investment-plan-streamlines-regulatory-approval","status":"publish","type":"post","link":"https:\/\/copperleaf-test.majortom.dev\/en\/blog\/building-a-defensible-investment-plan-streamlines-regulatory-approval\/","title":{"rendered":"Building a Defensible Investment Plan Streamlines Regulatory Approval"},"content":{"rendered":"

Today\u2019s investment planning landscape looks drastically different than just 15 years ago. Building defensible plans that account for growing stakeholder demands\u2014from grid modernization to net-zero targets to Environmental, Social, and Governance (ESG) commitments\u2014while still operating a fiscally sound business has become increasingly complex.<\/p>\n

Just as stakeholder expectations have grown, so has regulatory scrutiny. Utilities must perform more detailed cost and benefit analyses to show regulators that the most optimal investment plan has been selected, considering all stakeholder needs and requirements.<\/p>\n

Copperleaf\u00ae<\/sup> works with regulated utilities around the world to help them quantify all financial and non-financial benefits of every proposed investment\u2014allowing even the most dissimilar investments to be compared on a common scale. Not only does this methodology create the best possible investment plan to meet future business needs, but it allows utilities to demonstrate tangible and defensible results to regulators, investors, customers, and employees.<\/p>\n

A US Regulatory Commission recently approved<\/a> a $2 billion grid modernization plan, which was developed to meet strategic objectives established from the Transmission, Distribution and Storage System Improvement Charge (TDSIC<\/a>) statute: cost-effective improvements in safety, reliability, grid modernization, and economic development.\u00a0Copperleaf and Black & Veatch<\/a> supported the development and defense of the plan which details how the $2 billion investment in proposed transmission, distribution, and economic development projects will deliver $6.8 billion in benefits to customers and the economy over a 6-year planning horizon.<\/p>\n

This TDSIC plan builds upon the grid modernization efforts from an earlier plan by focusing on grid improvements that prepare the system for the future. To ensure any new investment will provide the most benefit for customers and other stakeholders, the utility performed a more rigorous analysis using the Copperleaf Decision Analytics Solution to develop the new plan.<\/p>\n

Black & Veatch helped define thirteen benefit categories such as: \u201cimproved power quality\u201d for transmission line and substation reliability; \u201ccompliance risk\u201d for measuring impact on meeting compliance; and \u201cincreased customer satisfaction\u201d to improve external relations with customers, legislators, regulators, community leaders, the public, and the media. Once defined, the benefits and operating constraints were entered into the Copperleaf system which then quantified all financial and non-financial benefits of every proposed investment. The resulting Value Framework ensures all proposed investments can be compared on a common scale and are aligned with the utility\u2019s defined strategic objectives.<\/p>\n

With a Value Framework in place, Copperleaf\u2019s AI-powered optimization can demonstrate that every dollar spent will deliver maximum value to the utility and its customers. Powerful what-if scenario analysis allows for different possibilities to be explored\u2014not just one or two, but thousands of potential scenarios. For example, the utility wanted to guarantee that the plan did not exceed a one percent increase in customer rates per year. Through what-if scenario analysis and portfolio optimization, the utility could objectively consider improvements on the system that would directly benefit customers without significantly impacting rates.<\/p>\n

After the optimized plan was submitted to the Utility Regulatory Commission for consideration, a litigation process occurred. Ultimately, the Utility Regulatory Commission approved 100% of the proposed plan without revision.<\/p>\n

\n

The Commission finds [the utility] has sufficiently prioritized and optimized the incremental benefits of TDSIC 2.0 and otherwise shown a sound basis for the proposed projects and associated costs.<\/p>\n

Utility Regulatory Commission
\n<\/cite><\/p><\/blockquote>\n

In the end, the utility was able to create a clear, defensible plan that balances investing in the future while maintaining service and reliability today. This plan\u2019s development exemplifies what Copperleaf is seeing across the industry and the globe: increased expectations from customers and regulators require increased analytical rigor in investment planning to meet these expectations.<\/p>\n

For more details, we encourage you to review the full public record here<\/a>.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Today\u2019s investment planning landscape looks drastically different than just 15 years ago. Building defensible plans that account for growing stakeholder demands\u2014from grid modernization to net-zero targets to Environmental, Social, and Governance (ESG) commitments\u2014while still operating a fiscally sound business has become increasingly complex. Just as stakeholder expectations have grown, so has regulatory scrutiny. Utilities must […]<\/p>\n","protected":false},"author":23,"featured_media":13957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","footnotes":"","_wp_rev_ctl_limit":""},"categories":[65],"industry":[176],"acf":[],"yoast_head":"\nBuilding a Defensible Investment Plan Streamlines Regulatory Approval - Copperleaf<\/title>\n<meta name=\"description\" content=\"Building defensible plans that account for growing stakeholder demands while still operating a fiscally sound business has become increasingly complex.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Building a Defensible Investment Plan Streamlines Regulatory Approval - Copperleaf\" \/>\n<meta property=\"og:description\" content=\"Building defensible plans that account for growing stakeholder demands while still operating a fiscally sound business has become increasingly complex.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/copperleaf-test.majortom.dev\/en\/blog\/building-a-defensible-investment-plan-streamlines-regulatory-approval\/\" \/>\n<meta property=\"og:site_name\" content=\"Copperleaf\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-22T20:29:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-15T23:38:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/copperleaf-test.majortom.dev\/wp-content\/uploads\/2022\/06\/1920x500_electricalinsulator-v1-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Steven Lee\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steven Lee\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/copperleaf-test.majortom.dev\/en\/blog\/building-a-defensible-investment-plan-streamlines-regulatory-approval\/\",\"url\":\"https:\/\/copperleaf-test.majortom.dev\/en\/blog\/building-a-defensible-investment-plan-streamlines-regulatory-approval\/\",\"name\":\"Building a Defensible Investment Plan Streamlines Regulatory Approval - 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