PowerPlan Expands Solution for Rate Case Management with Collaboration Engine
New module allows regulated industries to reduce regulatory lag between rate case filing and decision
Atlanta (January 13, 2016) PowerPlan, the leading provider of regulatory, tax and budgeting solutions for asset-centric businesses, today announces the PowerPlan Regulatory Collaboration Engine, which supports the unique requirements of regulated utilities’ and interstate pipelines’ rate case management.
PowerPlan’s Collaboration Engine, a real-time revenue model, helps companies decrease regulatory lag, while improving rate recovery time. This regulatory solution provides transparency to auditors, interveners and regulators, while maintaining control of the overall model. Now key stakeholders can run simultaneous scenarios and quickly provide feedback and suggest changes. This new approach improves communication during the approval process, eliminates redundant models and reduces errors.
“The amount of time spent preparing and reviewing a rate case is critical for regulated companies and each day the case is not approved can result in a significant financial loss,” says Aaron Smith, Product Manager from PowerPlan. “By allowing all stakeholders to have access to the same, real-time revenue model, redundancies and errors are eliminated, while increasing productivity. It’s a win-win for your company and your regulator.”
The Collaboration Engine is the latest addition to PowerPlan’s patent pending Regulatory Management Suite, which integrates with existing PowerPlan products as well as external sources of data to deliver a complete solution for regulated asset-centric industries.
Existing customers can access the latest upgrade by contacting their PowerPlan representative.