Performance-Based Regulation Rate Case Consultant Services
Overview
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SUMMARY
KEY REQUIREMENTS
TIMELINE
Release Date: July 8th, 2026
Notice of Intent to Bid: July 15th, 2026
Deadline for Questions: July 20th, 2026
RFP Clarifications/Amendments: July 24th, 2026
Proposal Due Date: July 28th, 2026
Final Decision Statutory Deadline: June 26th, 2027
QUESTION DEADLINE
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
Public Utilities Regulatory Authority
DESCRIPTION
A government authority in New Britain, Connecticut is seeking consultant services to support a performance-based regulation rate case involving Eversource Energy. The selected vendor will assist in reviewing and investigating the utility’s financial and operating records as part of the agency’s evaluation of rate-setting approaches.
The consultant will be expected to assess the most appropriate and economical price or revenue cap for setting rates, evaluate the sufficiency of the company’s revenue cap formula under its Performance Based Regulation plan, and review the productivity study used to design the revenue cap and proposed X-Factor. The work also includes critically analyzing and testing alternative specifications for the company’s Total Factor Productivity model using company data, open-source models, customer count, delivered energy, and peak demand.
The engagement will also require determining an appropriate revenue cap using performance-based regulation metrics, including the X-Factor, Total Productivity Study, and related economic principles. Questions are due by July 20, 2026.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due July 28, 2026. Questions must be submitted by July 20, 2026.
- Who issued this RFP?
- It was issued by Public Utilities Regulatory Authority. The work is located in New Britain, Connecticut, United States.
- Who is a good fit for this opportunity?
- Utility rate case consulting firm with energy regulatory expertise
- Experience with performance-based regulation and revenue cap design
- Strong background in utility financial and operating record analysis
- Expertise in Total Factor Productivity and X-Factor modeling
- Familiarity with electric utility economics and regulatory proceedings
- Ability to analyze company data and develop alternative economic model specifications
- Prior work with public agencies, utility commissions, or energy authorities
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.