REVISED Request for Proposals for Cost of Capital Review Services
Vermont Department of Public Service's Revised Request for Cost of Capital Review Services
(Please note the deadline to respond to this RFP has been extended to April 19, 2017)
The Vermont Department of Public Service (Department), which represents the public interest in utility cases before the Vermont Public Service Board (Board), is soliciting proposals from qualified experts in utility finance to review and make recommendations on the appropriate cost of capital and capital structure of Green Mountain Power Corporation (GMP), for use in a rate case anticipated to be filed in mid-April 2017. The work will include, but is not limited to, a determination of the appropriate cost of GMP’s debt and equity, a determination of an appropriate capital structure, a review and differentiation of its cost of equity under traditional regulation as well as under any alternative regulation plan that may be in place during the rate year, and a review of GMP’s rate base to determine whether a differentiated return is appropriate for different rate base components.
This is one of three RFPs being issued by the Department in connection with the anticipated rate proceeding. Respondents should review the other two RFPs (Regulatory Accounting/Ratemaking and Capital Planning). To the extent a Respondent wishes to pursue more than one RFP, it should separately respond to each request.
Proposals are due by 4:00 pm on April 19, 2017 with the goal of finalizing a contract by mid-April. The selected Respondent should be available to start immediately thereafter. Three (3) hard copies and one (1) electronic copy of the proposal must be delivered to the Department. Proposals and questions should be addressed to:
Director of Finance and Economics
Vermont Department of Public Service
112 State Street
Montpelier, VT 05620-2601
Phone: (802) 828-2325