RFP-24-073 Cost Of Service Analysis And Rate Design Study

Description

The City of Banning’s Electric Department (“Banning Electric Utility” or “BEU”) is conducting a search for an experienced technical/financial consulting firm (“Contractor,” "Consultant," or "Proposer") to complete a Cost-of-Service Analysis (“COS”) and develop and design a robust financial model and rate structure.The purpose of this project is to develop a rate restructuring proposal that ensures revenue adequacy and fair and equitable allocation of costs while balancing customer affordability and impacts to customers. The resulting rate structure must comply with California Law.The project is expected to result in a financial planning model that can be used for rate design under different scenarios. The financial model will also be developed to support future decision making for rates and structures as conditions change; the plan will reflect iterative design components that will provide BEU with resilient financial resources in order to support long-term sustainability. The project will also entail engagement with the public to garner understanding of and support for the chosen rate design.Proposals are requested from Contractors that have a demonstrated ability to perform the tasks identified in the “Scope of Work” section contained within this Request for Proposal (“RFP”).