Testimony
Prior Testimony
Steven M. Fetter
President
Regulation UnFettered
Proceedings
- Union Electric Company d/b/a AmerenUE, Case No. EC-2002-1 Before the Missouri Public Service Commission – 2002 [rate case – credit quality issues]
- PSI Energy, Inc., Cause No. 42195 Before the Indiana Utility Regulatory Commission – 2002 [transfer of generation from unregulated affiliate to regulated utility]
- Entergy New Orleans, Inc., Docket No. ENO 2002 Rate Case Before the Council of the City of New Orleans– 2002 [hypothetical capital structure to allow for return to financial health]
- In re Pacific Gas and Electric Company, Case No. 01-30923DM Before the U.S. Bankruptcy Court for the Northern District of California — 2002 & 2003 [credit quality issues with regard to the several restructuring plans]
- PSI Energy, Inc., Cause No. 42200 Before the Indiana Utility Regulatory Commission – 2003 [fuel and purchased power adjustment mechanism]
- PSI Energy, Inc., Cause No. 42359 Before the Indiana Utility Regulatory Commission – 2003 [rate case – credit quality issues]
- In re Pacific Gas and Electric Company, Proceeding No. I.02-04-026, Before the California Public Utilities Commission – 2003 [fairness of PG&E restructuring plan]
- Consolidated Edison Company of New York, Gas Case 03-G-1671 Before the New York Public Service Commission – 2003 [rate case – credit quality issues]
- Consolidated Edison Company of New York, Steam Case 03-S-1672 Before the New York Public Service Commission — 2003 [rate case – credit quality issues]
- Nevada Power Company, Docket Nos. 03-10001/03-10002 Before the Nevada Public Utilities Commission – 2004 [rate case – credit quality issues]
- Sierra Pacific Power Company, Docket No. 03-12002 Before the Nevada Public Utilities Commission – 2004 [rate case – credit quality issues]
- Arizona Public Service Company, Docket No. E-01345A-03-0437 Before the Arizona Corporation Commission – 2004 [rate case – credit quality issues]
- Detroit Edison Company, Case No. U-13808 Before the Michigan Public Service Commission – 2004 [rate case – credit quality issues]
- In re Enron Corp. Enron Power Marketing, Inc. v. Nevada Power Company and Sierra Pacific Power Company, Case No. 01-16034 (02-2520) Before the U.S. Bankruptcy Court for the Southern District of New York – 2004 [negative financial impact from posting cash bond pending ultimate judgment]
- Consolidated Edison Company of New York, Electric Case 04-E-0572 Before the New York Public Service Commission – 2004 [rate case – credit quality issues]
- Georgia Power Company, Docket No. 18300-U Before the Georgia Public Service Commission – 2004 [rate case – credit quality issues]
- Laclede Gas Company Case (on behalf of AmerenUE), No. GR-99-315 Before the Missouri Public Service Commission – 2004 [depreciation methodology – treatment of net salvage]
- Nevada Power Company and Sierra Pacific Power Company v. Enron Power Marketing Inc., Docket No. EL04-1-000 Before the Federal Energy Regulatory Commission – 2004 [contract issues related to bankruptcy]
- Devon Power LLC, et al. (on behalf of Maine Public Utilities Commission, Vermont Department of Public Service, Maine Public Advocate, and Vermont Public Service Board), Docket Nos. ER03-563-000 and EL04-102-000 Before the Federal Energy Regulatory Commission – 2005 [difficulty of financing merchant generation in absence of contractual commitment]
- PSI Energy, Inc., Cause No. 42718 Before the Indiana Utility Regulatory Commission – 2005 [environmental compliance — impact on credit quality]
- Southwest Gas Corporation, Docket No. G-01551A-04-0876 Before the Arizona Corporation Commission – 2005 [rate case – credit quality issues; conservation revenue decoupling]
- Vectren Energy Delivery of Ohio, Inc., Case Nos. 04-571-GA-AIR and 04-794-GA-AAM Before the Public Utilities Commission ofOhio– 2005 [conservation revenue decoupling]
- Nevada Power Company and Sierra Pacific Power Company v. Enron Power Marketing Inc., Docket No. EL03-180-000 Before the Federal Energy Regulatory Commission – 2005 [contract issues related to bankruptcy]
- Illinois Power Company d/b/a AmerenIP, Docket No. 05-0162 Before the Illinois Commerce Commission – 2005 [power supply auction]
- In re Enron Corp. Enron Power Marketing, Inc. v. Nevada Power Company and Sierra Pacific Power Company, Case No. 01-16034 (02-2520) Before the U.S. Bankruptcy Court for the Southern District of New York – 2005 [contract issues related to bankruptcy]
- Entergy Gulf States, Inc., Docket No. 30123 Before the Texas Public Utility Commission – 2005 [whether rate case would be allowed to proceed]
- Entergy New Orleans, Inc., Docket Nos. UD-01-4 & UD-03-1 Before the Council of the City of New Orleans– 2005 [rate case – credit quality issues]
- Baltimore Gas and Electric Company, Case No. 9036 Before the Maryland Public Service Commission – 2005 [rate case – credit quality issues]
- Cinergy/Cincinnati Gas & Electric Company and Union Light, Heat and Power Company – Duke Energy Corporation, Merger Case No. 2005-00228 Before the Kentucky Public Service Commission – 2005 [merger approval]
- Cinergy/Cincinnati Gas & Electric Company – Duke Energy Corporation, Merger Case Nos. 05-732-EL-MER/05-733-EL-AAM Before the Public Utilities Commission of Ohio– 2005 [merger approval]
- Nevada Power Company v. Morgan Stanley Capital Group, Docket No. CV-S-03-338-RCJ(RJJ) Before the U.S. District Court for the District of Nevada – 2005 [contract issues related to bankruptcy]
- Cinergy/PSI Energy – Duke Energy Corporation, Merger Case No. 42873 Before the Indiana Utility Regulatory Commission – 2006 [merger approval]
- Arizona Public Service Company, Docket No. E-01345A-05-0816 Before the Arizona Corporation Commission — 2006 [rate case – credit quality issues]
- Arizona Public Service Company, Docket No. E-01345A-06-0009 Before the Arizona Corporation Commission – 2006 [emergency rate filing]
- Central Vermont Public Service Co., Docket No. 7191 Before the Vermont Public Service Board – 2006 [rate case – credit quality issues]
- In re Enron Corporation Securities Litigation, Docket No. MDL-1446 Before the U.S. District Court for the Southern District of Texas – 2006 [credit quality issues related to bankruptcy]
- Entergy Gulf States, Inc., Docket No. 32907 Before the Texas Public Utility Commission – 2006 [storm restoration expenses]
- Entergy Arkansas, Inc., Docket Nos. 05-116-U/06-055-U Before the Arkansas Public Service Commission – 2006 [fuel and purchased power adjustment mechanism]
- Empire District Electric Co., Docket No. ER-2006-0315 Before the Missouri Public Service Commission – 2006 [fuel and purchased power adjustment mechanism]
- Entergy Arkansas, Inc., Docket No. 06-101-U Before the Arkansas Public Service Commission – 2006 [rate case — capacity management rider]
- Rulemaking Concerning Relationship Between California Energy Utilities and Their Holding Companies and Non-regulated Affiliates, Rulemaking No. 05-10-030 Before the California Public Utilities Commission – 2006 [affiliate relations]
- Technical Conference Docket No. 07-2-000 Before the Federal Energy Regulatory Commission – 2006 [Implementation of Energy Policy Act of 2005 & PUHCA reform]
- Taylor Energy Center, Docket No. 142601 Before the Florida Public Service Commission – 2007 [need for power application]
- Duke Energy Indiana, Cause Nos. 43114 & 43114 – S1 Before the Indiana Utility Regulatory Commission – 2007 [IGCC construction incentives and approval]
- Entergy Gulf States, Inc., Docket No. 33687 Before the Texas Public Utility Commission – 2007 [transition to competition plan]
- Progress Energy Florida, Inc., Docket No. 060658 – EI Before the Florida Public Service Commission – 2007 [fuel expense refund petition]
- Potomac Electric Power Co., Case No. 9092 Before the Maryland Public Service Commission – 2007 [rate case – credit quality issues]
- Delmarva Power & Light Co., Case No. 9093 Before the Maryland Public Service Commission – 2007 [rate case – credit quality issues]
- Aquila, Inc., Case No. ER-2007-0004 Before the Missouri Public Service Commission – 2007 [rate case – fuel adjustment mechanism]
- Kinder Morgan/Goldman Sachs, Application Nos. 06-09-016 & 06-09-021 Before the California Public Utilities Commission – 2007 [private equity buyout]
- TXU Corp./Oncor Electric Delivery Co./Texas Energy Future Holdings Limited, Docket No. 34077 Before the Texas Public Utility Commission – 2007 [private equity transaction]
- Duke Energy Carolinas, Docket No. E-7, Sub 828 Before the North Carolina Utilities Commission – 2007 [rate case – credit quality issues]
- Oklahoma Gas & Electric Company (on behalf of OG&E Shareholders’ Assn.), Case No. PUD 200700012 Before the Oklahoma Corporation Commission – 2007 [generation pre-approval & CWIP]
- Pacific Gas and Electric Company, Proceeding No. A. 07-05-003 Before the California Public Utilities Commission – 2007 [rebuttal of opposing ROE testimony for cost of capital in 2008]
- Entergy Louisiana, Docket No. U-30192 Before the Louisiana Public Service Commission – 2007 [credit quality issues — CWIP on plant repowering]
- Public Service Company of New Mexico, Case No. 07-00077-UT Before the New Mexico Public Regulation Commission – 2007 [rate case – credit quality issues – fuel adjustment mechanism]
- Entergy Louisiana, Docket No. U-30192 (Phase II) Before the Louisiana Public Service Commission – 2008 [credit quality issues — CWIP on plant repowering]
- Iberdrola S.A.– Energy East Corporation, Merger Case No. 07-M-0906 Before the New York State Public Service Commission – 2008 [merger approval]
- Sierra Pacific Resources/Nevada Power v. Merrill Lynch/Allegheny Energy Inc., Docket No. CV-S-03-0357-RCJ(LRL) Before the U.S. District Court for the District of Nevada – 2008 [credit rating issues]
- Nicor Gas Company, Docket No. 08-0363 Before the Illinois Commerce Commission – 2008 [rate case – ROE issues – gas cost recovery riders]
- Public Service Company of New Mexico, Case No. 08-00092-UT Before the New Mexico Public Regulation Commission – 2008 [emergency fuel adjustment mechanism – credit rating issues]
- Hawaiian Electric Company, Docket No. 2008-0083 Before the Hawaii Public Utilities Commission – 2008 [rate case — financial integrity issues]
- Entergy Texas Inc., Docket No. 34800 Before the Texas Public Utility Commission – 2008 [rate case – financial integrity issues]
- Indiana Michigan Power Company, Cause No. 43306 Before the Indiana Utility Regulatory Commission – 2008 [rate case — tracking mechanisms]
- Entergy New Orleans, Inc., Docket No. UD-08-03 Before the Council of the City of New Orleans– 2008 [rate case – credit quality issues]
- Georgia Power Company, Docket No. 27800-U Before the Georgia Public Service Commission – 2008 [nuclear certification/CWIP]
- Central Hudson Gas & Electric Corporation, Case Nos. 08-E-0887 & 08-G-0888 Before the New York State Public Service Commission – 2008 [expense recovery issues]
- Oklahoma Corporation Commission v. American Electric Power Service Corporation, Docket No. EL08-80-000 Before the Federal Energy Regulatory Commission – 2008 [contract interpretation]
- Concord Capital Funding v. HSH Nordbank AG, Index No. 603764/08 Before the New York State Supreme Court – 2008 [contract interpretation – credit rating terminology]
- Mississippi Power Company, Docket No. 2009-UA-14 Before the Mississippi Public Service Commission – 2009 [IGCC certification/CWIP]
- Entergy Services, Inc., Docket No. ER-08-1056-002 Before the Federal Energy Regulatory Commission – 2009 [capital structure issues]
- New York State Electric & Gas Corporation and Rochester Gas & Electric Corporation, Case Nos. 09-E-0082, 09-G-0083, 09-E-0084 & 09-G-0085 Before the New York State Public Service Commission – 2009 [rate cases – financial integrity issues]
- Duke Energy Carolinas, Docket No. E-7, Sub 909 Before the North Carolina Utilities Commission – 2009 [rate case — credit quality issues]
- Oklahoma Gas & Electric Company (on behalf of OG&E Shareholders’ Assn.), Case No. PUD 2008-00398 Before the Oklahoma Corporation Commission – 2009 [rate case — credit quality issues]
- Northern Indiana Public Service Co., Cause No. 43526 Before the Indiana Utility Regulatory Commission – 2009 [rate case – ring-fencing issues]
- Duke Energy Carolinas, Docket No. 2009-226-E Before the South Carolina Public Service Commission – 2009 [rate case — credit quality issues]
- Peoples Gas Light and Coke Co./North Shore Gas Co., Docket 09-0167 & 09-0166 Before the Illinois Commerce Commission – 2009 [rate case – ROE and credit quality issues]
- Town of Edinburgh v. Indiana Municipal Power Agency, Cause No. 29D03-0608-PL-806 Before the Hamilton County (IN) Superior Court – 2010 [regulatory framework]
- Southwestern Electric Power Co., Docket No. 37364 Before the Texas Public Utility Commission – 2010 [rate case – financial integrity issues]
- Empire District Electric Co. Iatan 2 Arbitration – 2010 [contract interpretation]
- Portland General Electric Co., Docket No. UE 215 Before the Oregon Public Utility Commission – 2010 [rate case – fuel adjustment mechanism]
- Public Service Company of New Mexico, Case No. 10-00086-UT Before the New Mexico Public Regulation Commission – 2010 [rate case – future test year — fuel adjustment mechanism]
- Delmarva Power & Light Co., Docket Nos. 09-414/09-276T Before the Delaware Public Service Commission – 2010 [rate case – ring fencing issues]
- Hawaiian Electric Company, Docket No. 2010-0080 Before the Hawaii Public Utilities Commission – 2010 [rate case — financial integrity issues]
- Indiana Michigan Power Co., Case No. U-16180 Before the Michigan Public Service Commission – 2010 [rate case – tracking mechanisms]
- Georgia Power Company, Docket No. 31958 Before the Georgia Public Service Commission – 2010 [rate case – credit quality issues – support of settlement]
- Oklahoma Gas & Electric Company (on behalf of OG&E Shareholders’ Assn.), Technical Conference Before the Oklahoma Corporation Commission – 2010 [possible rulemaking re pre-approval]
- Commonwealth Edison Company, Docket 10-0467 Before the Illinois Commerce Commission – 2011 [rate case – ROE and credit quality issues]
- AltaLink, L.P., General Tariff Application 2011-13 Before the Alberta Utilities Commission – 2011 [rate case – credit quality issues – CWIP]
- Georgia Power Company, Docket No. 29849 Before the Georgia Public Service Commission – 2011 [nuclear construction risk-sharing incentive mechanism]
- Peoples Gas Light and Coke Co./North Shore Gas Co., Docket Nos. 11-0280 & 11-0281 Before the Illinois Commerce Commission – 2011 [rate case – ROE and credit quality issues]
- Duke Energy Indiana, Cause Nos. 43114 IGCC 4S1 Before the Indiana Utility Regulatory Commission – 2011 [consideration of sanctions related to IGCC plant construction]
- Oklahoma Gas & Electric Company (on behalf of OG&E Shareholders’ Assn.), Case No. PUD 2011-087 Before the Oklahoma Corporation Commission – 2011 [rate case — credit quality issues]
- Arizona Public Service Company (on behalf of Arizona Investment Council), Docket No. E-01345A-11-0224 Before the Arizona Corporation Commission – 2012 [rate case — credit quality issues/decoupling]
- Union Gas Limited, Docket No. EB-2011-0210 Before the Ontario Energy Board – 2012 [equity thickness/capital structure]
- Atlantic City Electric Co., Docket No. ER11080469 Before the New Jersey Board of Public Utilities – 2012 [consolidated tax treatment]
- Citizens Gas (City of Indianapolis), Cause Nos. 44124 Before the Indiana Utility Regulatory Commission – 2012 [decoupling]
- Indiana Michigan Power Co., Case No. 44182 Before the Indiana Utility Regulatory Commission – 2012 [nuclear life cycle management/CWIP]
- Indiana Michigan Power Co., Case No. U-17026 Before the Michigan Public Service Commission – 2012 [nuclear life cycle management/CWIP]
- AltaLink, L.P., General Tariff Application 2013 — 2014 Before the Alberta Utilities Commission – 2012 [rate case – credit quality issues – CWIP]
- CWA Authority, Inc. (City of Indianapolis Wastewater), Cause No. 44305 Before the Indiana Utility Regulatory Commission – 2013 [rate case – credit quality issues]
- Citizens Water (City of Indianapolis), Cause Nos. 44306 Before the Indiana Utility Regulatory Commission – 2013 [rate case – credit quality issues]
- Utility Asset Disposition Proceeding (on behalf of the Alberta Utilities), Application No. 1566373/ID No. 20 Before the Alberta Utilities Commission – 2013 [utility asset disposition – stranded cost and post-retirement cost recovery]
- Georgia Power Company, Docket No. 36989 Before the Georgia Public Service Commission – 2013 [rate case – credit quality issues]
- Gulf Power Company, Docket No. 130140-EI Before the Florida Public Service Commission – 2013 [rate case – credit quality issues]
- Generic Cost of Capital Proceeding (on behalf of the Alberta Utilities), Application No. 1608918 / Proceeding ID No. 2191 Before the Alberta Utilities Commission – 2014 [cost of capital – credit ratings — stranded cost recovery]
- TECO Energy, Docket No. 13-00231-UT Before the New Mexico Public Regulation Commission – 2014 [acquisition of New Mexico Gas Company]
- Hawaiian Electric Company, Docket No. 2013-0141 Before the Hawaii Public Utilities Commission – 2014 [decoupling review]
- AEP Ohio, Case Nos. 14-1693-EL-RDR/14-1694-EL-AAM Before the Public Utilities Commission of Ohio — 2015 [PPA and PPA Rider]
- Ameren Illinois Company d/b/a Ameren Illinois, Docket No. 15-019 Before the Illinois Commerce Commission – 2015 [rate case – credit quality issues]
- Oklahoma Gas & Electric Company (on behalf of OG&E Shareholders’ Assn.), Case No. PUD 201400229 Before the Oklahoma Corporation Commission – 2015 [rate adjustment mechanisms – legislative interpretation — CWIP]
- Oncor Electric Delivery, Ovation Acquisition, and Shary Holdings (on behalf of Gexa Energy), Docket No. 45188 Before the Texas Public Utility Commission – 2016 [challenge to Oncor Electric Delivery bankruptcy plan – REIT structure]
- Generic Cost of Capital Proceeding (on behalf of AltaLink and EPCOR), Proceeding ID No. 20622 Before the Alberta Utilities Commission – 2016 [cost of capital – credit ratings — stranded cost recovery risk]
- Liberty Utilities — Empire District Electric Co., Merger Case No. EM-2016-0213 Before the Missouri Public Service Commission — 2016 [credit ratings — merger standards — ring-fencing — SERP conditions]
- Mississippi Power Company, Docket No. 2017-AD-0112 Before the Mississippi Public Service Commission – 2017 [IGCC costs/proposed stipulation]
- Public Service Company of New Mexico (on behalf of New Energy Economy), Case No. 16-00276-UT Before the New Mexico Public Regulation Commission – 2017 [utility management process]
- Oncor Electric Delivery and Sempra Energy, Docket No. 47675 Before the Texas Public Utility Commission — 2017 [merger standards & approval — credit ratings — ring-fencing]
- Duke Energy Ohio, Case Nos. 17-872-EL-RDR/17-873-EL-ATA et al. Before the Public Utilities Commission of Ohio — 2018 [PSR Rider/proposed stipulation]
- Alabama Municipal Electric Authority and Cooperative Energy v. Alabama Power Co., et al., Docket No. EL18-147-000 Before the Federal Energy Regulatory Commission — 2018 [rebuttal re return on equity]
- AEP Ohio, Case Nos. 18-1392-EL-RDR et al. Before the Public Utilities Commission of Ohio — 2018 [PPA Debt Equivalency]
- Arkansas/Mississippi/Louisiana Public Service Commissions v. System Energy Resources, Inc. Docket Nos. EL17-41-001 / EL18-142-000 Before the Federal Energy Regulatory Commission — 2019 [ROE complaint]
- AEP Texas Inc., Docket No. 49494 Before the Texas Public Utility Commission – 2019 [rate case – capital structure]
- Atlanta Gas Light Company, Docket No. 42315 Before the Georgia Public Service Commission — 2019 [rate case — credit quality issues]
- Georgia Power Company, Docket No. 42516 Before the Georgia Public Service Commission – 2019 [rate case – credit quality issues]
- In the Matter of Public Service Company of New Mexico’s Abandonment of San Juan Generating Station (on behalf of New Energy Economy), Case No. 19-00018-UT Before the New Mexico Public Regulation Commission – 2019 [securitization and constitutional issues]
- State of New Mexico & Governor Michelle Lujan Grisham v. New Mexico Public Regulation Commission (on behalf of New Energy Economy), Case No. S-1-SC-38041 Before the New Mexico Supreme Court — 2020 [securitization and constitutional issues]
- In re PG&E Corp., No. BR 19-30088-DM Before the U.S. Bankruptcy Court for the Northern District of California — 2020 [utility regulatory/tort damage issues — settled before filing]
- Duke Energy Carolinas, Docket No. E-7, Sub 1214 Before the North Carolina Utilities Commission – 2020 [rate case — credit quality issues — coal ash remediation]
- Duke Energy Progress, Docket No. E-2, Sub 1219 Before the North Carolina Utilities Commission – 2020 [rate case — credit quality issues — coal ash remediation]
- Virginia Natural Gas, Case No. PUR-2020-00095 Before the Virginia State Corporation Commission — 2021 [rate case — credit quality issues]
- Dominion Energy South Carolina, Docket No. 2020-125-E Before the South Carolina Public Service Commission — 2021 [rate case — capital structure — credit quality issues]
- Georgia Power Company, Docket No. 44280 Before the Georgia Public Service Commission – 2022 [rate case – credit quality issues]
- Duke Energy Progress, Docket No. 2022-254-E Before the South Carolina Public Service Commission — 2022 [cross-border allocation issues]
- Performance-Based Regulation Stakeholder Workshop (on behalf of Eversource), Docket No. 21-05-15 Before the Connecticut Public Utility Regulatory Authority — 2023 [investigation into potential PBR frameworks]
- Kentucky Power, Docket No. 2023-00159 Before the Kentucky Public Service Commission — 2023 [rate case — credit quality issues]
- Duke Energy Carolinas, Docket No. 2023-388-E Before the South Carolina Public Service Commission — 2024 [cross-border allocation issues]