Client:

Frankfort City Light & Power

Location:

Frankfort, Indiana

Services Provided (Not Limited To):
  • Coordination of collecting key historical data
  • Cost of Services & Rate Study analysis (flow of funds schedule established with estimated power supply costs
  • Final results presented
Project Summary:

The final package consisted of newly proposed utility rates and revenue and a recommended capital improvement plan.  The package was approved by the city and IURC (Indiana Utility Regulatory Commission).

HEAR IT FROM THE CLIENT

“Spectrum has done a great job assisting in the projects derived from our Capital Improvement Plan.”

-Todd Corrie, The City of Frankfort

The City of Frankfort, Indiana LogoA utility’s leadership understands the importance of maintaining a balance between revenue (customer electric rates) and expenses tied to the cost of providing electricity to customers.  Spectrum Engineering Corporation, a company with over 40 years of experience in utility management and operations, was asked to provide an effective and objective utilities cost review.  The final package would be reviewed by both the city and IURC (Indiana Utility Regulatory Commission).

Here are a few of the value-added steps that the city realized from Spectrum Engineering Corporation's broad, utility-based consulting:

  • The coordination of collecting historical key documents was conducted
  • Meetings were conducted between Spectrum Engineering Corporation and utility staff, discussing existing data and a move towards establishing a test-year criteria
  • Analyzing the cost of service on the utility side, a flow of funds schedule was put together, along with estimated power supply costs, the result of a Spectrum Engineering Corporation and accounting firm partnership
  • After collecting final results, the study came to an end

Based on extensive work, a final package contained newly proposed utility rates and revenue and a recommended capital improvement plan.

The plan identified utility project investments for an improved infrastructure.  One long-term goal of the projects was to pass on savings to their residential, commercial and industrial customers.  With effectiveness in demonstrating the alignment of customer electric rates and the improvements projects, the package was approved by both the city and IURC and the project moved forward.

To learn more about our turnkey solutions, contact Greg Milentis at 260-627-8888 or click the "Contact Us" button

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