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

The City of Banning’s Electric Department is seeking proposals from experienced technical and financial consulting firms to conduct a comprehensive Cost-of-Service Analysis and develop a detailed financial model and rate structure for its electric utility. The primary goal is to create a rate restructuring plan that guarantees revenue sufficiency, equitable cost allocation, and customer affordability, all while ensuring compliance with California law. The project aims to produce a flexible financial planning tool capable of supporting various rate scenarios and guiding future rate decisions, with an emphasis on long-term financial resilience and sustainability. Public engagement will be a key component to foster understanding and support for the new rate design, ensuring transparency and community involvement throughout the process. The solicitation, identified as RFP-24-073, was posted on August 26, 2024, with a deadline for responses set for October 1, 2024. The contract size is estimated to range between $50,000 and $250,000. The City of Banning emphasizes the importance of selecting a qualified contractor with proven expertise in performing the scope of work outlined in the RFP. The process involves adherence to a Professional Services Agreement template, which details contractual obligations, compliance requirements, and performance expectations. The designated point of contact for inquiries is Angelo Heidt, reachable via email or phone. This initiative aligns with the city’s broader efforts to ensure a financially sustainable and equitable electric utility, supporting long-term planning and community engagement.