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Client Stories

Improving an investor owned utility’s financial planning and risk analysis capabilities with FRST

A mid-sized investor-owned utility was using an inefficient, “black box” planning model to develop their financial forecasts. The company wanted to dramatically improve the flexibility of the financial forecasting process and efficiency of generating new forecasts. To achieve these goals, the company selected MCR to implement the FRSTTM financial planning model.

Enabling Georgia Transmission Corporation to develop better long range plans and forecast short-term liquidity with FRST

Georgia Transmission Corporation was using a long-range financial planning tool that was difficult to maintain and presented significant challenges when a new calculation or a change in the business structure required model changes. In addition, the company wanted to improve their ability to test various scenarios, financing alternatives and gain better insight to near-term liquidity. MCR was hired to implement a rapid FRSTTM deployment.

Helping Southern Minnesota Municipal Power Agency improve financial planning processes and better manage funding and reserves using FRST

Southern Minnesota Municipal Association (SMMPA) was using an outdated, database oriented financial planning tool to develop its long-range financial plans and rate forecasts. With the goal of fixing planning issues and improving their ability to quickly create and analyze asset and financing scenarios, SMMPA asked MCR for help.

Supporting a diversified energy company’s risk management program by identifying and quantifying risks across their portfolio of businesses

A large energy firm owns and operates a diverse portfolio of companies that include regulated utilities, an energy services company, natural gas storage facilities, and an energy trading and marketing unit. These companies have a diverse set of risks which need to be monitored and assessed as market conditions and market dynamics change.

Helping Wabash Valley Power Association implement an enterprise risk management program to better understand, communicate and manage business risk

Wabash Valley Power Cooperative (WVPA) wanted to take a more integrated approach to risk management. WVPA’s senior management team asked MCR, in combination with ACES Power Marketing, to assist in implementing an Enterprise Risk Management (ERM) program.

Saving an investor owned utility millions by utilizing capital management to develop an optimal environmental compliance plan for its coal generating assets

An Investor Owned Utility (IOU) in the South with multiple coal units encountered NOx and mercury compliance issues in meeting the Clean Air Interstate Rule/Cross State Air Pollution Rule and the SO2 limits and MACT Rule. The company knew they wanted to determine the best alternative for meeting the compliance requirements while considering both costs and risks and engaged MCR to assist in developing an optimal plan.

Enabling a G&T utility to save millions and maintain its credit rating with an optimal environmental capital plan for its large coal units

A generation and transmission cooperative (G&T) in the Midwest was threatened with a reduction of their credit rating due to declining liquidity and deteriorating financial ratios. With a senior management mandate to develop lower-cost environmental compliance solutions in the face of capital constraints and projected rising member rates the G&T asked MCR for advice.

Helping an investor owned utility develop strategies to address the opportunities and threats of distributed generation

MCR’s client faced a rapidly changing market environment driven by the emergence of distributed generation (DG) technology. MCR worked with our client to define four alternative future scenarios for their electric market.

Financial processes and systems: Custom power billing for Buckeye Power

We worked with our client to develop an assessment of its current monthly billing, data, and analysis processes and supporting systems. The report included a defined roadmap for creating a billing system to address the objectives and issues related to wholesale power billing.

Financial processes and systems: Integrating capitalization policies and units of property for a large utility merger

Upon completing its merger with another utility, our client needed to integrate its capitalization policies and unit of property (UoP) catalogues for its expanded generation fleet, transmission, distribution and general utility property. The merger presented an opportunity to align capitalization policies, incorporate best practices and resolve previous organizational disputes.